3 (25 points) The company purchased a delivery truck for $72,000 on January 2019. The truck has an expected residual value of $12,000, and is expected to be driven 200,000 miles over its estimated useful life of 5 years. Actual miles driven were: 2019 10,000 miles 2020: 15,000 miles Instructions: a. Compute depreciation expense for 2019 and 2020 using (1) straight-line method, (2) units-of-activity method and (3) the double declining balance method (15 points) b. Assume that the company uses the straight-line method: i. Prepare the journal entry to record 2019 depreciation (5 points) ii. Show how the truck would be reported in December 31, 2020 Statement of Financial Position (Balance Sheet) (5 points)