he Likert Company is a coal company based in West Virginia. The company recently purchased a new coal truck for $120,000. The truck had an expected useful life of 200,000 miles and an expected salvage value of $4,000. Calculate the depreciation expense using the units-of-production method assuming the truck travelled 30,000 miles on company business during the year.

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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The Likert Company is a coal company based in West Virginia. The company recently purchased a new coal truck for $120,000. The truck had an expected useful life of 200,000 miles and an expected salvage value of $4,000. Calculate the depreciation expense using the units-of-production method assuming the truck travelled 30,000 miles on company business during the year.

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Section 179 Deduction and Modified Accelerated Cost Recovery System (MACRS) Depreciation
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