Erie Trucking purchased a tractor trailer for $147,000. Erie uses the units-of-activity method for depreciating its trucks and expects to drive the truck 1,000,000 miles over its 12-year useful life. Salvage value is estimated to be $21,000. If the truck is driven 80,000 miles in its first year, how much depreciation expense should Erie record?

Question 11 options:

	$10,888
	$11,760
	$9,333
	$10,080