Cullen's Catering owns a delivery van which it depreciates applying the units-of-output method (units-of-production method). The original cost of the van was $58,000. When it was purchased in July of 2019, it was estimated that it would be driven for 125,000 miles over four years and then sold for an expected salvage value of $2,000. During 2019 the van was driven 16,240 miles. What is the depreciation expense for 2019? (Round final answer to the nearest whole dollar.)

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The Answer of Cullen's Catering owns a delivery van which it depreciates applying the units-of-output method (units-of-production method). The original cost of the van was $58,000. When it was purchased in July of 2019, it was estimated that it would be driven for 125,000 miles over four years and then sold for an expected salvage value of $2,000. During 2019 the van was driven 16,240 miles. What is the depreciation expense for 2019? (Round final answer to the nearest whole dollar.)

Cullen's Catering Owns a Delivery Van Which It Depreciates Applying