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QUESTION #2 PLEASE. Question 1 (5 points) In 2019, Leo construction traded in...

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QUESTION #2 PLEASE.

Question 1 (5 points) In 2019, Leo construction traded in a light duty pickup truck that had a book value of $15,000. A new pickup truck having a fair market value of $55,000 was acquired. Because the vendor accepted the old truck as a trade-in, a deal was agreed and Leo construction would pay $35,000 for the new truck. Assume the new truck has a 5-year depreciable life, and an estimated salvage value of $5,000. Using the straight-line method to tabulate the annual depreciation amounts and the book value of the pickup truck at the end of each year. Year Depreciation for Yeart Cumulative Depreciation to Yeart Book Value at the End of Yeart BV -WN-- Question 2 (5 points) Rework question I using declining balance method when R-2/N (200% declining balance method). Year Depreciation for Year Cumulative Depreciation to Yeart Book Value at the End of Yeart BV

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