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Ivanhoe Trucking purchased a tractor trailer for $140000. Ivanhoe uses the units-of-activity method for depreciating its trucks and expects to drive the truck 1000000

Ivanhoe Trucking purchased a tractor trailer for $140000. Ivanhoe uses the units-of-activity method for depreciating its trucks and expects to drive the truck 1000000 miles over its 10-year useful life. Salvage value is estimated to be $19000. If the truck is driven 74000 miles in its first year, how much depreciation expense should Ivanhoe record?

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