Question 21 Not yet answered Marked out of 5.00 P Flag question 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 $64,000. The truck had an expected useful life of 200,000 miles and an expected salvage value of $4,000. Calculate the depreciation expense using the units of production method assuming the truck travelled 40,000 miles on company business during the year. $