On January 1,2012,St.John Corp.purchased a new truck for $35,000.St.John determined that this truck would be useful for 150,000 miles at which time it would have a salvage value of $5,000.During the next three years the truck was driven for 25,000,20,000,and 28,000 respectively.At the beginning of the fourth year (2015),St.John had to overhaul the truck's engine at a cost of $7,000.The overhaul increased the life of the truck by adding 20,000 miles of use.During the fourth year the truck was driven for 23,000 miles.
Required:
a)Calculate depreciation expense for the first three years.(2012,2013,2014)
b)Calculate depreciation expense for 2015.

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The Answer of On January 1,2012,St.John Corp.purchased a new truck for $35,000.St.John determined that this truck would be useful for 150,000 miles at which time it would have a salvage value of $5,000.During the next three years the truck was driven for 25,000,20,000,and 28,000 respectively.At the beginning of the fourth year (2015),St.John had to overhaul the truck's engine at a cost of $7,000.The overhaul increased the life of the truck by adding 20,000 miles of use.During the fourth year the truck was driven for 23,000 miles.
Required:
a)Calculate depreciation expense for the first three years.(2012,2013,2014)
b)Calculate depreciation expense for 2015.