Florida Pharmacy Delivery purchased a delivery truck that co…
Florida Pharmacy Delivery purchased a delivery truck that cost $112,000. Florida paid an additional $2,000 to have the truck shipped to its warehouse and an additional $4,000 in sales and transfer taxes. It has an estimated salvage value of $8,000 and will provide 100,000 miles of use before retirement. The firm uses the straight-line depreciation method, and expects the truck to be useful for 4 years. What amount of depreciation expense will appear on the income statement at the end of the period? Enter your answer without a dollar sign, decimal point, or comma.
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