On January 1,2012,a Company Buys a Truck for $42,000 Cash $\quad$

On January 1,2012,a company buys a truck for $42,000 cash.It has estimated residual value of $2,000,and an estimated life of 4 years,or 200,000 miles.Assume the company uses straight-line depreciation.Please complete the depreciation schedule below. $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\text { Depreciation for the Year }$
$\begin{array}{|c|c|c|c|c|c|c}\hline \text { Date } & \text { Asset Cost } & \begin{array}{c}\text { Depreciable } \\\text { Cost }\end{array} & \begin{array}{c}\text { Depreciation } \\\text { Rate }\end{array} & \begin{array}{c}\text { Depreciation } \\\text { Expense }\end{array} & \begin{array}{c}\text { Accumulated } \\\text { Depreciation }\end{array} & \begin{array}{c}\text { Book } \\\text { Value }\end{array} \\\hline 1-1-2012 \\\hline 12-31-2012 \\\hline 12-31-2013 \\\hline 12-31-2014 \\\hline 12-31-2015 \\\hline\end{array}$