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2) Dakota Industries purchased a dump truck that cost $100,000. It is expected that the truck will last 5 years and have a S15,000 salvage
2) Dakota Industries purchased a dump truck that cost $100,000. It is expected that the truck will last 5 years and have a S15,000 salvage value. It is also expected that the truck will be able to be driven 100,000 miles a. Calculate the 1st and 2nd year of depreciation using the straight-line method. Calculate the 1st and 2nd year of depreciation using the Double Declining Balance method. b. Assuming 18,000 miles were driven the 1st year, what is the depreciation of the truck for the 1st year using the units of production method? c. d. What is the book value of the truck at the end of the 1st year under each method
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