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7. The Pualhamus Pie Palace bought a robotic pizza-cooking delivery truck on May 12, 2020 for $124,000. It has a salvage value of $20,000 and

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7. The Pualhamus Pie Palace bought a robotic pizza-cooking delivery truck on May 12, 2020 for $124,000. It has a salvage value of $20,000 and a useful life of 8 years. Calculate the annual depreciation for the first two years and show the truck's book value at the end of year two under each depreciation method. (show your work below) Year 1 Year 2 Book Value Straight line Double declining balance

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