its not the striaght line depreciation, its going to be a smaller number. got it wrong the first time.

Pact Trucking Company uses the units-of-production depreciation method because units-of production best measures wear and tear on the trucks Consider these lacts about one Mack truck in the company's fleet. (Click on the icon to view the facts ) Read the requirements Requirement 1. Record the journal entry for depreciation expense in 2018 (Record debits first, then credits Select the explanation on the last ine of the journal entry table ) Date Accounts and Explanation Debit Credit Mar 15 Depreciation Expense Truck Accumulated Depreciation- Truck To record depreciation on truck More Info When acquired in 2015, the rig cost $380,000 and was expected to remain in service for 10 years or 1,000,000 miles. Estimated residual value was $160,000 The truck was driven 83,000 miles in 2015, 123,000 miles in 2016, and 163,000 miles in 2017. After 35,000 miles, on March 15, 2018, the company traded in the Mack truck for a less expensive Freightiner. Pact also paid cash of $23,000. Fair market value of the Mack truck was equal to its net book value on the date of the Choose from any list or enter any number in the inpufieds andtrade Print Done rch More Info When acquired in 2015, the rig cost $380,000 and was expected to remain in service for 10 years or 1,000,000 miles. Estimated residual value was $160,000 The truck was driven 83,000 miles in 2015, 123,000 miles in 2016, and 163,000 miles in 2017. After 35,000 miles, on March 15, 2018, the company traded in the Mack truck for a less expensive Freightliner. Pact also paid cash of $23,000. Fair market value of the Mack truck was equal to its net book value on the date of the trade PrintDone