Sheridan Company purchased a delivery truck for $36,000 on July 1, 2022. The truck has an expected salvage value of $2,000, and is expected to be driven 100,000 miles over its estimated useful life of 8 years. Actual miles driven were 15,000 in 2022 and 12,000 in 2023. Sheridan uses the straight-line method of depreciation. What is the amount of accumulated depreciation at December 31, 2023, if the straight-line method of depreciation is used?$78,000$80,000 (x) $156,000$160,000
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