finance A company purchased a truck for $35,000 on January 1, 2019. The truck is estimated to have a useful life of four years and a salvage value of$1,000. Assuming that the company uses straight-line depreciation, what is depreciation expense for the year ended December 31, 2020?
- a. $8,750
- c. $8,500
- e. $25,500 politics of the united states 14th Edition•ISBN: 9780470587232 (4 more)Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield 11th Edition•ISBN: 9781337623124Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman 10th Edition•ISBN: 9781337902571 (1 more)Eugene F. Brigham, Joel Houston 9th Edition•ISBN: 9780078034695Alan J. Marcus, Alex Kane, Zvi Bodie