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4. Record the depreciation and book value for the vehicle for the first 3 years given the information below (10pts). Purchased on January 1st,

4. Record the depreciation and book value for the vehicle for the first 3 years given the information below (10pts). Purchased on January 1st, 2022 Useful life (miles) Cost $50,000 Yr 1 Salvage Value $5,000 Yr 2 Estimated useful life 5 years Yr 3 Use the declining balance method and units of activity method. 100,000 15,000 miles 22,000 miles 20,000 miles

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