Depreciation Expense Using the Units-of-Production Method The Likert Company is a coal company based in West Virginia. The company recently purchased a new coal truck for $180,000, The truck had an expected useful life of 200,000 miles and an expected salvage value of $6,000. Calculate the depreciation expense using the units-of-production method assuming the truck travelled 80,000 miles on company business during the year. 5