What is the yearly depreciation expense for this truck

Reference no: EM133632245

Question: In 2022, Anderson Culinarians, a startup in the restaurant industry, purchased a truck for $54,000 with an estimated 12-year lifespan. They intend to use the straight-line depreciation method to calculate annual depreciation. What is the yearly depreciation expense for this truck under this method?

Reference no: EM133632245

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