Grafton Company purchased a new car for use in its business on January 1, 2020.It paid $ 29000for the car.

Grafton expects the car to have a useful life of four years with an estimated residual value of zero.

Grafton expects to drive the car 40000miles during 2020, 75000 miles during 2021, 90000miles in 2022, and 85000 miles in 2023, for total expected miles of 290000.

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Part 1

	Units-of-production method
Year	Annual Depreciation Expense	Accumulated Depreciation	Book Value
Start
2020
2021
2022
2023