Question

Car = V-8 sedan

Years driven = first and second

Miles driven = 15,500 miles first year and 14,500 miles second year

The cost of depreciation will be $
.

Answer 1

Depreciation table (please post this next time)

Answer 2

For each year, multiply the appropriate (depreciation cents per mile) * (the number of miles driven that year)

So for a V8 sedan in the first year we look at the V8 column, first year, depreciation per mile to get 8.5 cents per mile. Multiply 8.5 cents/mile * 15,500 miles to get the total amount of depreciation that year in cents. Divide by 100 to get to dollars. Repeat this process with year 2. Add the two depreciation amounts.