On January 1, Year 1, Karev Company paid $36,865 cash to purchase a truck. Karev planned to drive the truck for 100,000 miles and then to sell it. The truck was expected to have an $3,300 salvage value.

The truck was actually driven

35,000 miles during Year 1

40,000 miles during Year 2

20,000 miles during Year 3

10,000 miles during Year 4.

If Karev uses the units-of-production method, the amount of depreciation expense recognized on the Year 1 income statement is $_______ DO NOT ROUND until you get to the final answer

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Warren Enterprises purchased a van for $19,160. The van has a salvage value of $2,340, and an estimated useful life of eight years. Warren plans to use the straight line method of depreciation. The accumulated depreciation at the end of year 3 would be $_________