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Commercial banks, savings and loans, credit unions, and non-banks are all considered to be a part of the U.S. <u>banking </u>system.
<h3>What is Commercial banks?</h3>
Commercial banks can be defined as banks that accept deposit and as a well give out loans to their borrowers.
Hence, United State of American banking system is comprises of the following:
- Commercial banks
- Savings and loans
- Credit unions
- Non-banks
Learn more about Commercial banks here:
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Answer:
the depreciation expense for 2017 is $18,375
Explanation:
The computation of the depreciation expense for 2017 is shown below:
= (Truck cost - salvage value) ÷ useful life in miles × driven miles in year 2017
= ($109,200 - $4,200) ÷ 120,000 miles × 21,000 miles
= $18,375
Hence, the depreciation expense for 2017 is $18,375
Therefore the above formula should be applied for the same