Chapter 17, Problem 20ES

To determine

To calculate: The depreciation schedule for the first two years when the cost of the truck purchased is $\$18,500$, salvage value is $\$2000$ and expected life is 150,000 miles. Miles driven by the truck in the first year, second year, third year, fourth year, fifth year is 28,580, 32140, 29760, 31810, 27710 miles respectively.