blossom company purchased a delivery truck for $48,000 on july 1, 2025. the truck has an expected salvage value of $8,000, and is expected to be driven 100,000 miles over its estimated useful life of 8 years. actual miles driven were 15,000 in 2025 and 12,000 in 2026. blossom uses the straight-line method of depreciation.
