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Exercise 7 - 1 5 ( Algo ) Determine activity - based depreciation ( LO 7 - 4 ) Tasty Subs acquired a food service

Exercise 7-15(Algo) Determine activity-based depreciation (LO7-4)
Tasty Subs acquired a food service truck on October 1,2024, for $24,000. The company estimates a residual value of $3,000 and a four-year service life. It expects to drive the truck 140,000 miles. Actual mileage was 5,500 miles in 2024 and 20,000 miles in 2025.
Required:
Calculate depreciation expense using the activity-based method for 2024 and 2025, assuming a December 31 year-end. (Do not round your intermediate calculations.)
\table[[,2024,2025],[Depreciation expense,,]]
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