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der purchased a Dump Truck for $150 On July 1st 2015 The First Or The First Order expects the dump truck to last 9 years, have a $6000 salvage and be driven 1,008,000 miles 1008000 In 2015 the dump truck was driven 40,000 miles In 2016 the dump truck was driven 155,000 miles In 2017 the dump truck was driven 222,000 miles Part 1: Determine depreciation expense for 2015 and the book value of the truck on 12/31/2015 if The First Order uses: a) straight line depreciation b) sum of the years digits depreciation c) double declining balance depreciation d) units of activity depreciation Part 2: Determine depreciation expense for 2016 and the book value of the truck on 12/31/2016 if The First Order uses: a) straight line depreciation b) sum of the years digits depreciation c) double declining balance depreciation d) units of activity depreciation Part 3:Determine depreciation expense for 2017 and the book value of the truck on 12/31/2017 if The First Order uses: a) straight line depreciation b) sum of the years digits depreciation c) double declining balance depreciation Part 4: At the beginning of 2018 The First Order has determined that the Dump Truck will only last 6 years instead of the original 9 years. What is depreciation expense in 2018 using straight line depreciation? Part 5: IGNORE PART 4 FOR THIS PART On January 2nd 2018 The First Order sold the truck for $101,000. Make the necessary journal entry for the sale if The First Order uses units of activity depreciation for the truck

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