Gardner Corporation purchased a truck at the beginning of 2012 for $90,000. The truck is estimated to have a salvage value of $3,600 and a useful life of 120,000 miles.
It was driven 18,000 miles in 2012 and 32,000 miles in 2013.
What is the depreciation expense for 2012?
a. $13,500b. $12,960c. $21,600d. $36,000
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