ontello Inc. purchases a delivery truck for $25,000. The truck has a salvage value of $5,000 and is expected to be driven for 125,000 miles. Montello uses the units-of-production depreciation method and the expected miles per year for the five years are: 27,500 miles. 30,250 miles. 26,750 miles. 21,000 miles. 19,500 miles. What is the depreciable cost per mile?   (round to two decimal places and format per text) Calculate the year one depreciation expense.  What is the year one book value?  Calculate the year three depreciation expense.  What is the year three book value?

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