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Calculate the first year's depreciation using the units-of-production method with the following data (round to the nearest thousand) Cost: $30,000 Useful Life: 5 years Salvage

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Calculate the first year's depreciation using the units-of-production method with the following data (round to the nearest thousand) Cost: $30,000 Useful Life: 5 years Salvage Value: $5,000 Useful life in units: 75,000 miles Year 1: 18,000 miles driven O a. $18,000 O b. $7,000 Oc. $5,000 O d. $6,000

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