Brief Exercise 11-1

Fernandez Corporation purchased a truck at the beginning of 2014 for $76,500. The truck is estimated to have a salvage value of $3,060 and a useful life of 244,800 miles. It was driven 35,190 miles in 2014 and 47,430 miles in 2015. Compute depreciation expense for 2014 and 2015.

Depreciation expense for 2014		$
Depreciation expense for 2015		$