The Haul-It Cartage Company purchased a new truck at a cost of $36,000 on July 1, 1996. The truck is estimated to have a

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The Haul-It Cartage Company purchased a new truck at a cost of
$36,000 on July 1, 1996. The truck is estimated to have a useful
life of 6 years and Haul-It Cartage Company does not expect to
receive anything when it disposes of the truck at the end of 6
years. How much depreciation expense should have been recorded for
the truck during the year ended December 31, 1996?
Multiple Choice
$3,500
None of the other alternatives are correct
$4,000
$3,000
$6,000