On January 1, 2012, a company buys a truck for $42,000 cash. It has estimated residual value of $2,000, and an estimated life of 4 years, or 200,000 miles. Assume the company uses units-of-production depreciation. The truck drove 40,000 miles in 2012, 60,000 miles in 2013, 80,000 miles in 2014, and 20,000 miles in 2015. Please complete the depreciation schedule below.
Definitions:
Vitamin K
A group of fat-soluble vitamins essential for the synthesis of proteins involved in blood coagulation and bone metabolism.
Prothrombin
A protein in blood plasma that is converted into active thrombin during coagulation.
Liver
A large, vital organ in vertebrates, involved in numerous metabolic processes including detoxification, protein synthesis, and the production of biochemicals necessary for digestion.
Fibrin
A protein involved in blood clotting, formed from fibrinogen during the clotting process to create a mesh that seals wounds.
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