A small truck is purchased for $32,000. It is expected to be of use to the company for 6 years, after which it will be sold for $5,000. Determine the depreciation deduction and the resulting unrecovered investment during each year of the assets life.

Use straight-line depreciation: Depreciation Deduction Unrecovered Investment 0 $ 1 $ $ N $ " 3 $ A 4 $ $ 5 $ $ 6 $ $ Use sum-of-years'-digits depreciation: EOY Depreciation Deduction Unrecovered Investment 0 $ 1 $ N $ 3 $ $ 4 $ $ 5 $ $ 6 $ $ Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is +3%. Part b Use declining balance depreciation using a rate that ensures the book value equals the salvage value: Depreciation Deduction Unrecovered Investment 0 1 1 $ 2 $ $ 3 $ $ 4 $ $ 5 $ $ 6 $ $ Use double declining balance depreciation: EOY Depreciation Deduction Unrecovered Investment 0 $ 1 N $ 3 $ $ 4 5 $ $ 6 Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is +3%