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A B On January 1 st , 2 0 X 1 , ABC Company purchased a work truck. Details on this truck are as follows:

A B
On January 1st,20X1, ABC Company purchased a work truck. Details on this truck are as follows:
Cost
Residual value
\table[[$,225,000],[$,25,000]]
Estimated useful life (years)
4
a) Complete the following chart using the straight line method.
\table[[Year,\table[[Depreciation],[Expense]],\table[[Accumulated],[Depreciation]],Book Value],[201,,,],[202,,,],[203,,,],[204,,,]]
b) Complete the following chart using the declining-balance method.
\table[[Year,\table[[Depreciation],[Expense]],\table[[Accumulated],[Depreciation]],Book Value],[201,,,],[202,,,],[203,,,],[204,,,]]
c) Complete the following chart using the units-of-production method. Assume that the truck has a useful life of 100,000 miles and was used 30,000 miles in Year 1,30,000 miles in Year 2,20,000 miles in Year 3, and 22,000 miles in Year 4.
\table[[Year,\table[[Depreciation],[Expense]],\table[[Accumulated],[Depreciation]],],[201,,,],[202,,,],[203,,,],[204,,,]]
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