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 $44,000. When it was purchased in July of 2013, it was estimated that it would be driven for 125,000 miles over four years and then sold for an expected salvage value of $4,500. During 2013 the van was driven 17,230 miles. What is the depreciation expense for 2013? (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 $44,000. When it was purchased in July of 2013, it was estimated that it would be driven for 125,000 miles over four years and then sold for an expected salvage value of $4,500. During 2013 the van was driven 17,230 miles. What is the depreciation expense for 2013? (Round final answer to the nearest whole dollar.)

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