Multiple Choice
A company purchased a new truck at a cost of $42,000 on July 1,2011.The truck is estimated to have a useful life of 6 years and a salvage value of $3,000.How much depreciation expense will be recorded for the truck for the year ended December 31,2011?
A) $3,250
B) $3,500
C) $4,000
D) $6,500
E) $7,000
Correct Answer:
Verified
Correct Answer:
Verified
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