Zapata Corp. purchased a delivery truck on August 1, 2020 for $32,000. The delivery department...
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Zapata Corp. purchased a delivery truck on August 1, 2020 for $32,000. The delivery department estimates that the truck will have a useful life of 69,000 miles, after which it can be sold for $2,560. The department also estimates that they will drive 3,500 miles in 2020 and 27,600 miles in 2021. What should the company record as depreciation expense in 2021? (A 28) Group of answer choices $12,800 $1,493 $11,776 $2,560
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