A truck acquired at a cost of 225000 has an estimated residual value of 15000, has an estimated useful life of 35000 miles, and was driven 3200 miles during the year. detmerine the following. if required, round your answer for the depreciation rate to two decimal places.
1. Determine:
a. The depreciable cost _________$
b. The depreciation rate _________$ per mile
c. The units-of-activity depreciation for the year $
2. Determine the depreciation for each of the first two years by the straight-line method.