CLTD Certification in Logistics, Transportation and Distribution (#54)

A trucking company purchased a tractor-trailer for $150,000 to support its short-haul business. The tractor-trailer will be in service for 5 years before it will be sold at $55,000. With annual fuel costs estimated at $12,000, what is the annual depreciation for the vehicle?

$7,000
$11,000
$19,000
$30,000