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Tasty Subs acquired a delivery truck on October 1, 2021, for $22,500. The company estimates a residual value of $3,000 and a six-year service life.
Tasty Subs acquired a delivery truck on October 1, 2021, for $22,500. The company estimates a residual value of $3,000 and a six-year service life. It expects to drive the truck 130,000 miles. Actual mileage was 5,200 miles in 2021 and 19,400 miles in 2022. Required: Calculate depreciation expense using the activity-based method for 2021 and 2022, assuming a December 31 year- end. (Do not round your intermediate calculations.) 2021 2022 Depreciation expense
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