Homework Answers
Straight-line depreciation = (Cost - Salvage value) / Useful life = ($40,000 - $5,000) / 5 = $7,000
Total miles over 5 year period = 15,000 miles * 5 = 75,000 miles
Depreciation per mile = (Cost - Salvage value) / Total miles = ($40,000 - $5,000) / 75,000 miles = 0.47
Units-of -output depreciation = 16,000 miles * 0.47 = $7,520
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