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Exercise 7-15A Determine activity-based depreciation (L07-4) Tasty Subs acquired a delivery truck on October 1, 2021, for $25,000. The company estimates a residual value of
Exercise 7-15A Determine activity-based depreciation (L07-4) Tasty Subs acquired a delivery truck on October 1, 2021, for $25,000. The company estimates a residual value of $1,000 and a six-year service life. It expects to drive the truck 120,000 miles. Actual mileage was 5,700 miles in 2021 and 20,400 miles in 2022. Required: Calculate depreciation expense using the activity-based method for 2021 and 2022, assuming a December 31 year-end. (Do not round your intermediate calculations.) 2021 2022 Depreciation expense
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