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The Black Limo Company (BLC) purchased a limo on January 1 of Year 1. The...

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Accounting

The Black Limo Company (BLC) purchased a limo on January 1 of Year 1. The limo cost $48,000. BLC expected to drive limo for 100,000 miles before disposing of it. The limo had a $8000 salvage value. Actual Miles Drive per year turns out to be 30,000 miles in Year 1, 40,000 miles in Year 2, 20,000 miles in Year 3, and 25,000 miles in Year 4. Based on this information, depreciation expense for Year 2 was

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