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Use the following to answer questions 5-15(Straight Line, Double declining balance and Activity...

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Accounting

Use the following to answer questions 5-15(Straight Line,
Double declining balance and Activity Based)
The company purchased a new semi-trailer truck for an acquisition
cost of $$00,000. The company estimates the truck will have a
residual value of $40,000 when they are done using it at the end of
5 years or about 400,000 miles.
Answer 5-8 based on Straight line depreciation
$, Year 2 depreciation expense
$, Book value at the end of year 2
Accumulated depreciation for year 3
, Book value at the end of year 3
Answer 9-13 based on Double Declining Balance
$, Year 2 depreciation expense
$, Accumulated depreciation for year 2
$, Book value at the end of year 2
$, Year 3 depreciation expense
$, Year 4 depreciation expense
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