16-19 please!

16. 5 During the first two years, the company drove the truck 99,000 and 102,000 miles, respectively, to deliver merchandise to its customers. The company originally purchased the truck for $160,000. If the truck has an estimated life of 4 years or 400,000 miles, with an estimated residual value of $60,000, what amount of depreciation expense should the company record in the second year using the activity-based method? Chapter 7 Page 72 17. $ The company purchased equipment at the beginning of Year 1 for $350,000. In Years 14, the company depreciated the asset on a straight-line basis with an estimated useful life of 10 years and a $25,000 residual value. What is the BOOK VALUE of the equipment at the end of year 4 ? Use the following to answer questions 1819 The company purchased equipment for $425,000 on January 1, year 1. The equipment is expected to have a 8 -year life, with a residual value of $25,000 at the end of its service life. 18. $ Using the double-declining balance method, determine depreciation expense for year 2 . 19. $ Using the straight-line method, determine book value at the end of year 2 . 16. 5 During the first two years, the company drove the truck 99,000 and 102,000 miles, respectively, to deliver merchandise to its customers. The company originally purchased the truck for $160,000. If the truck has an estimated life of 4 years or 400,000 miles, with an estimated residual value of $60,000, what amount of depreciation expense should the company record in the second year using the activity-based method? Chapter 7 Page 72 17. $ The company purchased equipment at the beginning of Year 1 for $350,000. In Years 14, the company depreciated the asset on a straight-line basis with an estimated useful life of 10 years and a $25,000 residual value. What is the BOOK VALUE of the equipment at the end of year 4 ? Use the following to answer questions 1819 The company purchased equipment for $425,000 on January 1, year 1. The equipment is expected to have a 8 -year life, with a residual value of $25,000 at the end of its service life. 18. $ Using the double-declining balance method, determine depreciation expense for year 2 . 19. $ Using the straight-line method, determine book value at the end of year 2