Swifty Corporation purchased a truck at the beginning of Year 7 for $109600. The truck is estimated to have a salvage value of $4000 and a useful life of 132000 miles. It was driven 18000 miles in Year 7 and 26000 miles in Year 8. What is the depreciation expense for Year 7
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Home » Business » Swifty Corporation purchased a truck at the beginning of Year 7 for $109600. The truck is estimated to have a salvage value of $4000 and a useful life of 132000 miles. It was driven 18000 miles in Year 7 and 26000 miles in Year 8.