Reference no: EM13558712

Dasher Company acquired a truck for use in its business for $25,500 in a cash transaction. The truck is expected to be used over a five-year period, will be driven approximately 18,000 miles per year, and is expected to have a value at the end of the five years of $4,500.

Compute the amount of depreciation that will be taken in the first two years of the truck's useful life if the actual miles driven are 16,000 and 18,200, respectively.(Round the depreciation per mile to 2 decimal places. Omit the "tiny_mce_markerquot; sign in your response.)