Midtown S Pizza Bought A Used Toyota Delivery Van On January 2 2014 For 21 800 T

Midtown’s Pizza bought a used Toyota delivery van on January​ 2, 2014, for $21,800. The van was expected to remain in service for four years (48,750 ​miles). At the end of its useful​ life, Midtown​’s officials estimated that the​ van’s residual value would be $2,300. The van traveled 15,000 miles the first​ year, 17,000 miles the second​ year, 12,500 miles the third​ year, and 4,250 miles in the fourth year. 

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