Murex Oil Company purchased a drilling truck for $90,000. Murex expected the truck to last five years or 200,000 miles, with an estimated residual value of $15,000 at the end of that time. During 20x5, the truck was driven 48,000 miles. Murex's year end is December 3 1 . Compute the depreciation for 20x5 under each of the following methods, assuming that the truck was purchased on January 13, 20x4: (1) straight-line,

(2) production, and (3) double-declining-balance. Using the amount computed in 3, prepare the entry in journal form to record depreciation expense for the second year and show how the Drilling Truck account would appear on the balance sheet.Lo1