pt 9

Ferret Inc. purchased a truck on April 1, 2017. The cost of the truck was $65,000. The salvage value is $5,000. The total number of miles the truck is expected to drive is 250,000 . In year 1, the truck was driven 50,000 miles. In year 2, the truck was driven 85,000 miles. In year 3 , the truck was driven 100,000 miles. In year 4 the truck was driven 15,000 . (A) Calculate the depreciation expense per mile (round to two decimal places) (B) Calculate the total depreciation expense each year