Question: What is the answer to this question? 11 Best Construction purchased a delivery truck on June 1, Year 1. The following information is available: .

What is the answer to this question?

11 Best Construction purchased a delivery truck on June 1, Year 1. The following information is available: . Cost = $90,000 . Estimated service life = 5 years . Estimated residual value = $15.000 nts Assuming the company uses the straight-line method, what is the depreciation expense for the year ended December 31, Year 1? 01:16:09 Multiple Choice $15,000 O $6,250 $8,750 O $18,000

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