5 Exercise 7-15 (Algo) Determine activity-based depreciation (LO7-4) 0.14 points eBook Tasty Subs acquired a food service truck on October 1, 2024, for $25,000. The company estimates a residual value of $1,000 and a four-year service life. It expects to drive the truck 120,000 miles. Actual mileage was 5,700 miles in 2024 and 20,400 miles in 2025. Required: Calculate depreciation expense using the activity-based method for 2024 and 2025, assuming a December 31 year-end. (Do not round your intermediate calculations.) 2024 2025 Hint Depreciation expense Print References