2) On January 1, 2018, a company buys a truck for $62,000 cash. It has estimated residual value of $2,000, and an estimated life of 4 years, or 200,000 miles. The truck drove 40,000 miles in 2018, 60,000 miles in 2019, 60,000 miles in 2020 and 20,000 miles in 2021 & 2022. Calculate the following. (4)

Calculate the following using the units of production method:

2) On January 1, 2018, a company buys a truck for $62,000 cash. It has estimated residual value of $2,000, and an estimated life of 4 years, or 200,000 miles. The truck drove 40,000 miles in 2018, 60,000 miles in 2019, 60,000 miles in 2020 and 20,000 miles in 2021 & 2022. Calculate the following. (4) Calculate the following using the units of production method: Year Depreciation Expense Accumulated Depreciation Carrying Value 2018 2019 Calculate the following using the diminishing balance double-declining method: Year Depreciation Expense Accumulated Depreciation Carrying Value 2018 2019