Luxury Company purchased a new car for use in its business on January 1, 2017. It paid $26,000 for the car. Luxury expects the car to have a useful life of four years with an estimated residual value of zero. Luxury expects to drive the car 80,000 miles during 2017, 55,000 miles during 2018, 20,000 miles in 2019, and 95,000 miles in 2020, for total expected miles of 250,000. Read the requirements. (Complete all answer boxes. Enter a "0" for any zero values.) Straight-line method Annual Depreciation Expense Accumulated Depreciation Year Book Value Start 2017 2018 2019 2020 i Requirements Using the straight-line method of depreciation, calculate the following amounts for the car for each of the four years of its expected life: a. Depreciation expense b. Accumulated depreciation balance c. Book value Print Done