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Gardner Corporation's truck, with mileage tracking, had miles driven in 2013. What's the truck's 2013 depreciation expense?

a. $24,000
b. $36,000
c. $23,040
d. $38,400

1 Answer

2 votes

Final answer:

To calculate the depreciation expense of Gardner Corporation's truck, additional details such as cost, useful life, and salvage value are needed. The correct option is c.

Step-by-step explanation:

The question "What's the truck's 2013 depreciation expense?" relates to the depreciation of an asset, which is a concept in accounting and business. In order to calculate the depreciation expense for Gardner Corporation's truck, more information is needed such as the cost of the truck, the estimated useful life, and the salvage value.

The depreciation expense can be calculated using different methods, like straight-line depreciation, declining balance, or units of production. However, since the question does not provide enough specific details, it is not possible to determine the correct depreciation value from the options provided without additional context. Typically, depreciation is calculated annually based on purchase price, estimated useful life, and salvage value.The correct option is c.

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