25. A company purchased a van at a cost of $42,000 and expects it can be sold for $6,000 after 120,000 miles of service. Assuming the units-of-production method is used, and the van is driven for 24,000 miles during the first year, the depreciation at the end of the first year would be (3 points) 26. A coal mine was acquired at a cost of $4,000,000. No salvage value was expected and the estimated number of units available for production was 4,000,000 tons. During the first year, 440,000 tons of coal was mined and sold. The depletion expense for the first year was a. $44,200. b. $440,000. c. $4,000,000 d. $4,400,000. 27. is the portion of an intangible asset's cost that is recognized as expense. are assets whose physical substance consists of natural resources that are consumed in the operation of the business. 28