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 2010?
A) $11,250
B) $10,800
C) $18,000
D) $30,000
Correct Answer:
Verified
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