Cambridge Company purchased a truck on January 1, 2018
Cambridge Company purchased a truck on January 1, 2018. Cambridge
paid $18,000 for the truck. The truck is expected to have a $2,000 residual value and a 4-year life. Cambridge has a December 31 fiscal year end. Using the straight-line method, how much is the 2019 depreciation expense? (Enter only whole dollar values.