Wildhorse inc. purchased a transport truck for $198,000. The company expected the truck to have...
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Wildhorse inc. purchased a transport truck for $198,000. The company expected the truck to have a useful life of 8 years or 232,000 kilometres, with an estimated residual value of $12,400 at the end of that time. During the first and second years, the truck was driven 31,500 and 31,600 kilometres, respectively. Calculate the depreciation expense for the second year under the straight-line, units-of-production, and double-diminishing-balance methods, (Round depreciation per kilometre to 2 decimal places, e.g. 1.25 and final answers to 0 decimal places, e.g. 5.275.)
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