Current Attempt in Progress

On October 1,2024,Marigold Auto Rentals purchases a new automobile for $29,700O to add to its fleet of rental cars. Theautomobiles are rented out on a short-term basis with rental fees calculated based on distance driven by the customer.Marigold's policy is to sell and replace a car after the earlier of three years, or 80,000 kilometres. The average selling priceof the used cars is $8,900. This particular car was driven 8,900 km in 2024, 38,600 km in 2025, and 19,100 km in 2026.

Calculate 2024 and 2025 depreciation expense under each of the following methods: (Round answers to O decimal places,e.g. 5,275.)

2024

2025

Straight-line depreciation

$

$

Diminishing-balance depreciation using a 40% rate

$

$

Units-of-production depreciation

$

$