k Moser purchased a used van for use in its business on January 1, 2020. It paid $11,000 for the van. Moser expects the van to have a useful life of four years, with an estimated residual value of $800. Moser expects to drive the van 21,000 miles during 2020, 16,000 miles during 2021, 11,000 miles in 2022, and 33,600 miles in 2023, for total expected miles of 81,600.

Moser purchased a used van for use in its business on January 1, 2020. It paid $11,000 for the van. Moser expects the van to have a useful life of four years, with an estimated residual value of $800. Moser expects to drive the van 21,000 miles during 2020, 16,000 miles during 2021, 11,000 miles in 2022, and 33,600 miles in 2023 , for total expected miles of 81,600