Supplies, Inc. drove the company truck 15,000 miles in year 1 and 22,000 miles in year 2. The company originally purchased the truck for $175,000. If the truck has an estimated life of 10 years or 300,000 miles, with an estimated residual value of $25,000, what amount of depreciation expense should Supplies, Inc. record at the end of year 2 using the activity-based method? $ 16,000 $11,000 $18,500 $7,500