Bar Dellvery Company purchased a new delivery thuck for $45,000 on April 1,2016. The truck...
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Bar Dellvery Company purchased a new delivery thuck for $45,000 on April 1,2016. The truck is expected to have a service life of 5 years or 94,800 miles and a resie value of $5,520. The truck was driven 9,500 miles in 2016 and 11,700 miles in 2017 , Bar computes depreciation to the nearest whole month. Required: 1. Compute depreciation expense for 2016 and 2017 using the following methods: (Round your finat answers to the nearett dolise) a. Straight-line method 2016 2017 b. Sum-of the-years'-dipits method 2016s2017+s c. Double-declining-balance method \begin{tabular}{ll} 2016 & 5 \\ 2017 & 5 \end{tabular} d. Activity method 20162017$$ 2. For each method, what is the book value of the machine at the end of 2016? At the end of 2017 ? (Round your answers to the nearest dollar.) I. Stra'ght- the method 20162017 b. Sum-of-the-years'-digits method
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