Exercise 10-7 (Part Level Submission)
Linton Company purchased a delivery truck for $33,000 on January 1, 2017. The truck has an expected salvage value of $1,900, and is expected to be driven 108,000 miles over its estimated useful life of 8 years. Actual miles driven were 16,000 in 2017 and 11,300 in 2018.
(a1)
Calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.)
Depreciation expense$_______per mile
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