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At December 31, 2018 Ludwig Inc.'s balance sheet showed plant and equipment information as detailed in the schedule below. Ludwig Inc. calculates depreciation to

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At December 31, 2018 Ludwig Inc.'s balance sheet showed plant and equipment information as detailed in the schedule below. Ludwig Inc. calculates depreciation to the nearest whole month. Please complete the schedule. Round depreciation per unit of production to the nearest cent. Cost Information Description Purchase Date Depreciation Method Cost. Salvage Value Trucks May 2, 2017 Units-of-production 428,500 10,000 Depreciation Life 837,000 miles Accum. Dep. Dec. Dep. Expense Accum. Dep. Dec. 31, 2018 for 2019 31, 2019 There have been no disposals or subsequent capital expenditures on the asset since the date of purchase. The miles the truck was actually driven were as follows: 2017: 135,000 2018: 145,000 2019: 407,000 For simplicity assume that the asset is depreciated as an individual item and will not be broken down into parts and depreciated.

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