YOUR NAME:

Asset # $222$

Asset name: Truck

Date acquired: $1/1/2018$

Cost: $$50,000$

Depreciation method: Units$-$of$-$Production

Salvage $($residual$)$ value: $$5,000$

Estimated useful life $($miles$)$: $100,000$

Depreciation Schedule $$ Units$-$of$-$Production Method

Year Miles Driven Depreciation Expense Accumulated Book Value

Depreciation

$201812,000$

$201917,000$

$202026,000$

$202118,000$

$202227,000$