Gardner Corporation Purchased a Truck at the Beginning of 2010

question 93

Multiple Choice

Gardner Corporation purchased a truck at the beginning of 2010 for $75,000.The truck is estimated to have a residual value of $3,000 and a useful life of 120,000 miles.It was driven 18,000 miles in 2010 and 32,000 miles in 2011.What is the depreciation expense for 2011?

• A)$20,000
• B)$53,333
• C)$19,200
• D)$32,000