Question: Using the Units-of-Production Method The Sonya Company is a coal company based in West Virginia. The company recently purchased a new coal truck for ($
Using the Units-of-Production Method The Sonya Company is a coal company based in West Virginia. The company recently purchased a new coal truck for \(\$ 50,000\). The truck had an expected useful life of 200,000 miles and an expected salvage value of \(\$ 2,000\). Calculate the depreciation expense using the units-of-production method assuming the truck travelled 40,000 miles on company business during the year.
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