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What would be depreciation expense for the second year

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Problem 1: Wingert Co., purchased a new truck for $62,000. The truck is expected to have a salvage value of $12,000 four years later after using it for 100,000 kilometers. During the first and second years of operation, Wingert Co. put 25,000 and 10,000 kilometers respectively, on the truck. For the second year, depreciation expense would be:

a. $12,500

b. $7,400

c. $5,000

d. None of the above

e. $18,500

Reference no: EM132817046

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