3. for the first blank is, "best matches the decline in usefulness of the asset" or "it is the easiest to calculate The second blank is "less" or "more" The third blank is "accelerates" or "delays"

Required: 1. Calculate the depreciation expense, accumulated depreciation, and book value for each year of the forklift's life. If necessary, round any depreciation calculations to the nearest dollar. 2. Identify and analyze the effect of the transaction for depreciation for 2017