Question: Question 22 (1 point) Conway Fleet Management has a limo purchased for $72,000. Conway plans to use the limo for 6 years and then expects

 Question 22 (1 point) Conway Fleet Management has a limo purchased

Question 22 (1 point) Conway Fleet Management has a limo purchased for $72,000. Conway plans to use the limo for 6 years and then expects to sell it for $12,000. Using the straight-line depreciation method, what is the entry to record the depreciation expense this year? DR Limo $12,000 CR Depreciation expense $12,000 DR Limo $10,000 CR Depreciation expense $10,000 DR Depreciation expense $12,000 CR Accumulated Depreciation $12,000 DR Depreciation expense $10,000 CR Accumulated Depreciation $10,000

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