A truck was purchased on January 2 at a cost of $60000. Itsexpected to be used f

A truck was purchased on January 2 at a cost of $60000. Itsexpected to be used for five years and to have a residual value of$5000 after 120000 miles of service. The truck was driven for23000 miles the first year and 25000 miles the second year.Calculate the depreciation expense to the nearest dollar for thefirst and second years.