| KJ Company acquired a truck on the first day of the year for $66,000. The vehicle was estimated to have a useful life of 40,000 miles and a residual value of $6,000. The company depreciated this item using the units-of-production method. KJ drove the truck 2,000 miles and 11,000 miles in the vehicle’s first and second years of use, respectively. |
| What is the depreciable cost of KJ Company’s motor vehicle? |
