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What is the accumulated depreciation at the end of year two

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Problem 1: 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?

A. $4,800

B. $8,000

C. $12,800

D. $16,000

Reference no: EM132819136

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