Use the following to answer questions Straight Line,
Double declining balance and Activity Based
The company purchased a new semitrailer truck for an acquisition
cost of $$ The company estimates the truck will have a
residual value of $ when they are done using it at the end of
years or about miles.
Answer based on Straight line depreciation
$ Year depreciation expense
$ Book value at the end of year
Accumulated depreciation for year
Book value at the end of year
Answer based on Double Declining Balance
$ Year depreciation expense
$ Accumulated depreciation for year
$ Book value at the end of year
$ Year depreciation expense
$ Year depreciation expense
