Question: Can you help me solve this general accounting question using the correct accounting procedures? A business acquired a delivery truck for $75,000 on March 1st.

Can you help me solve this general accounting question using the correct accounting procedures?

Can you help me solve this general accounting
A business acquired a delivery truck for $75,000 on March 1st. The truck has an estimated useful life of 8 years and a salvage value of $15,000. Using the straight- line method, what is the annual depreciation expense? A) $7,500 B) $9,375 C) $7,125 D) $7,875

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