Answer:
2020 = $3,565
2021 = $3,381
Step-by-step explanation:
Depreciation Expense per mile:
= (Cost of delivery truck - Salvage value) ÷ Expected miles driven
= (26,000 - 1,160) ÷ 108,000
= 0.23
Depreciation Expense for 2020:
= Depreciation Expense per mile × Actual miles driven
= $0.23 × 15,500
= $3,565
Depreciation Expense for 2021:
= Depreciation Expense per mile × Actual miles driven
= $0.23 × 14,700
= $3,381