What is the yearly depreciation expense for a $30,000 truck with a five-year useful life and a $6,000 salvage value?

To determine the yearly depreciation expense for the truck, we utilize the straight-line depreciation method. This involves calculating the total depreciable cost, which is the original cost of the asset minus its salvage value.

In this case, the truck's original cost is $30,000, and the salvage value is $6,000. So, the total depreciable cost is:

$30,000 - $6,000 = $24,000.

Next, we divide this depreciable cost by the useful life of the truck, which is five years, to find the annual depreciation expense:

$24,000 ÷ 5 = $4,800.

Therefore, the yearly depreciation expense for the truck is $4,800, making that option the correct choice. This straightforward calculation aligns with the principles of straight-line depreciation, which is commonly used in business practices for spreading the cost of an asset evenly over its useful life.