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Depreciation Expense Using the Units-of-Production Method The Likert Company is a coal company based...

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Accounting

Depreciation Expense Using the Units-of-Production Method
The Likert Company is a coal company based in West Virginia. The company recently purchased a new coal truck for
$180,000. The truck had an expected useful life of 200,000 miles and an expected salvage value of $6,000.
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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