1. Double-uelig balance S8-9. Straight-line depreciation method (Learning Objective 3) 5-10 min. On March 31, 2018, Titan Trucking purchased a used Kenworth truck at a cost of $52,000. Titan Trucking expects to drive the truck for five years and to have a residual value of $10,000. Compute Titan Trucking's depreciation expense on the truck for year 1 using the straight-line method. 58-10. Straight-line depreciation method (Learning Objective 3) 5-10 min. On lanuni 1 and at near marcharod hot donctand for $120.000 it has a