On January 1, Year 1, Wooly Company purchased a truck that cost $64,000. The truck had an expected useful life of $120,000 miles over 8 years and a $4,000 salvage value. During Year 2. Woolly drove the truck 20,000 miles. Woolly uses the units-of-production method. What is the amount of depreciation expense recognized in Year 2?


2)  Jackson incorporate purchased a truck for 36,000. The truck had a useful life of 150,000 miles over 4 years and a $6,000 salvage value. Jackson drove the truck 40,000 miles in Year 1 and 24,000 miles in Year 2. If Jackson uses the units-of-production method, what is the accumulated depreciation at the end of Year 2?