2. Calculate the depreciation expenses for a new truck using the (a) Straight-Line, and (b) Sum- of-the-Year's Digits, and (c) Double-Declining Balance methods. New Truck: Original Cost (OC): $38,000 Projected Life (N): 6 years Salvage Value (SV): $8,000 a. Straight-Line Depreciation (SL) = Year 1 2 3 Beginning Book Value 4 5 6 Depreciation Rate Depreciation Expense Ending Book Value b. Sum-of-the-Year's-Digits Depreciation (SYD) = Year Beginning Book Value Depreciation Rate Depreciation Ending Book Expense Value 1 2 3 4 5 6 c. Double Declining Balance Depreciation (DDB)= Year Beginning Book Value Depreciation Rate Depreciation Expense Ending Book Value 1 23 4 5 6