1. A truck was purchased for $40,000. It has an estimated four-year life and a $6,000 estimated salvage value. Using double-declining balance depreciation, what is the assets carrying value (book value) after one year?

2. Zetts Company purchased a piece of manufacturing equipment for $42,000 on January 1, 2019. The asset was expected to have a six-year life and a $6,000 salvage value. During 2019, depreciation expense using the straight-line method would be...

3. On January 1, 2019, Hager Corporation purchased a machine for $44,600. Hager paid shipping costs of $1,400 as well as installation costs of $1,600. Hager estimated the machine would have a useful life of ten years and no estimated salvage value. If Hager records depreciation using the straight-line method, depreciation expense for 2019 is...