Question: Multiple Choice Question The Black Limo Company ( BLC ) purchased a limo on January 1 of Yeat 1 . The limo cost $ 4

Multiple Choice Question
The Black Limo Company (BLC) purchased a limo on January 1 of Yeat 1. The limo cost $48,000 and has an $8,000 salvage value. BLC expected to drive it for 100,000 miles before disposing of it. Actual miles driven per year: 30,000 in Year 1;40,000 in Year 2; 20,000 in Year 3; and 25,000 in Year 4. Depreciation expense for Year 4 using units-of-production depreciation was
$28,000
$10,000
$4,000
$0
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 Multiple Choice Question The Black Limo Company (BLC) purchased a limo

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