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Inspire Company purchased a new car for use in its business on January 1, 2020. It paid $26,000 for the car. Inspire expects the car

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Inspire Company purchased a new car for use in its business on January 1, 2020. It paid $26,000 for the car. Inspire expects the car to have a useful life of four years with an estimated residual value of zero. Inspire expects to drive the car 90,000 miles during 2020, 25,000 miles during 2021, 75,000 miles in 2022, and 60,000 miles in 2023, for total expected miles of 250,000 Read the requirements. (Complete all input fields. Enter a 0 for any zero values.) Requirements Units-of-production method Annual Depreciation Accumulated Expense Depreciation Book Value Year Start 2020 2021 2022 Using the units-of-production method of depreciation (with miles as the production unit), calculate the following amounts for the car for each of the four years of its expected life (do not round here: use three decimal places for the depreciation cost per mile) a. Depreciation expense b. Accumulated depreciation balance c. Book value 2023 Print Done

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