Section 4: Iverson Company purchased a delivery truck for $45,000 on January 1, 2018. The truck was assigned an estimated useful life of 100,000 miles and has a residual value of $10,000. The truck was driven 18,000 miles in 2018, 14,000 miles in 2019, and 22,000 miles in 2020. Compute depreciation expense using the units-of-activity method for the years all three years. Note: By signing this test you are stating that you are the student taking the test, which matches the class roster