On January 1, Year 1, Dinkins Company Purchased a Truck

On January 1, Year 1, Dinkins Company purchased a truck that cost $46,000. The company expected to drive the truck 100,000 miles over its 5-year useful life, and the truck had an estimated salvage value of $8,000. If the truck is driven 26,000 miles in Year 1, what would be the amount of depreciation expense for the year?

A) $11,960
B) $9,880
C) $9,200
D) $7,600