Chapter 17.I, Problem 4TIE

Prestige Limousine Sen ice purchased a limousine with an expected useful life of 75.000 miles. The cost of the limousine was $54,500. and the residual value was $7,500. If the limousine was driven the following number of miles per year, prepare a depreciation schedule by using the units- of-production method. After finding the depreciation per mile, round this dollar amount to three decimal places for use in calculating your schedule.

Year	Miles Driven
1	12,500
2	18,300
3	15.900
4	19,100
5	12,400