On July 1,2015,Nuby Trucking Company purchased a new truck for $52,000.The truck is estimated to have a useful life of six years and a residual value of $10,000.How much depreciation expense will be recorded for the truck during the year ended December 31,2015?
A) $3,000.
B) $3,500.
C) $4,000.
D) $6,000.
E) $7,000.
Correct Answer:
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