Type of car: Porsche Cost of Car: $78,100 5 Useful Life: 5 years 3 Residual Value: $3,100 0 1 Estimated Miles: 100,000 2 Miles by Year: 13 Year 1:28,000 4 Year 2: 35,000 15 Year 3: 25,000 16 Year 4: 12,000 17 118 19 20 STRAIGHT-LINE DEPRECIATION 21 22 Depreciation Accumulated Carrying 23 Expense Depreciation Value 24 Year 1 25 Year 2 26 Year 3 27 Year 4 28 Year 5 29 Year 6 30 Year 7 31 32 33