Interline Trucking purchased a tractor trailer for $112,000.Interline uses the units-of-activity method for depreciating its trucks and expects to drive the truck 1,000,000 miles over its 12-year useful life.Salvage value is estimated to be $16,000.If the truck is driven 80,000 miles in its first year, how much depreciation expense should Interline record?
A)$7,110
B)$8,960
C)$7,680
D)$8,296

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The Answer of Interline Trucking purchased a tractor trailer for $112,000.Interline uses the units-of-activity method for depreciating its trucks and expects to drive the truck 1,000,000 miles over its 12-year useful life.Salvage value is estimated to be $16,000.If the truck is driven 80,000 miles in its first year, how much depreciation expense should Interline record?
A)$7,110
B)$8,960
C)$7,680
D)$8,296

Interline Trucking Purchased a Tractor Trailer for $112,000