Exercise 10-7 (Part Level Submission)

Linton Company purchased a delivery truck for $33,000on January 1, 2017. The truck has an expected salvage value of $1,900, and is expected to be driven108,000miles over its estimated useful life of8years. Actual miles driven were16,000in 2017 and11,300in 2018.

(a1)

Calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.)

Depreciation expense$_______per mile