Lockhard Company purchased a delivery vehicle on January 2, 2019 for $62,000 The vehicle is expected to provide service for $150,000 miles and then have a salvage value of 2,000. It was driven for 20,000 miles in 2019 and 15,000 in 2020. What is the depreciation rate? Enter your answer with a decimal and only two digits. And then compute depreciation Do not enter $ signs or commas in your answer. expense using the units-of-production method for 2019 and for 2020

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