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At the beginning of the current year, Lucianos Pizza purchased a car to be used in delivering pizzas. The car cost $14,000. It will be

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At the beginning of the current year, Lucianos Pizza purchased a car to be used in delivering pizzas. The car cost $14,000. It will be used for 5 years, after which its residual value will be about $2,000. In those 5 years, Lucianos estimates that the car will be driven 80,000 miles. Calculate depreciation for all 5 years, using the straight-line method. Assume that the car was driven 10,000 miles in year 1; 15,000 in year 2; 18,000 in year 3; 20,000 in year 4; and 17,000 in year 5. Calculate depreciation, using the units-of-production method for all 5 years

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