Luciannos Pizza purchased a car to be used in delivering pizzas. The car cost $14,000. It will be used for 5 years, after which its residual value will be about $2,000. Lucianno estimates that the car will be driven 80,000 miles. Determine the following assuming the company uses DOUBLE DECLING BALANCE depreciation: Determine the following:

1. Depreciable basis

2. Depreciation expense per year 1 and 2

3. Journal entry to record depreciation expense for year 1 and 2

4. Book value at the end of year 1? Year 2?