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 units-of-production depreciation.The truck drove 40,000 miles in 2012,60,000 miles in 2013,80,000 miles in 2014,and 20,000 miles in 2015.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}$$