Yes, this is a higher education question.

For instance, you buy a truck for $10,000. You estimate that it’s useful life is 10 years and we will assume there is no salvage value. So 10,000/ 10 years =$1000 a year. Every year for the next 10 years you will recognize a depreciation expense for the truck of $1000 and all expenses are matched against revenues on the income statement to determine Net Income.

If this is not a textbook question, there may be other factors at play. You can expense a truck if it is immaterial. Meaning if the company has like millions or hundred of millions in sales then a $10000 truck is immaterial and can be expensed. Also, tax reporting is totally different from financial reporting (Income statement.. etc.).

AND, my answer for you is that yes, it should… but I’m not an expert.