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Please include the formula. Thank you 4. Exercise Four: Faster-than-Light Delivery has recently purchased a brand-new truck for $65,000 to upgrade their delivery fleet in

Please include the formula. Thank you image text in transcribed
4. Exercise Four: Faster-than-Light Delivery has recently purchased a brand-new truck for $65,000 to upgrade their delivery fleet in New York City. Given past experience, management estimates the salvage value of the truck to be $15,000 after 10 years. In addition, the company estimates the total units of activity of this vehicle to be 250,000 miles or 25,000 miles per year for 10 years. As shown in class, prepare a Depreciation Schedule under the Units of Activity Method for the company's new asset. (2 Points)

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