A small truck is purchased for $47,000. It is expected to be of use to the company for 6 years, after which it will be sold for $6,500. Determine the depreciation deduction and the resulting unrecovered investment during each year of the assets life.

Use straight-line depreciation: EOY Depreciation Deduction Unrecovered Investment 0 $ 1 A 2 2 2 3 $ 4 $ $ 5 $ $ 6 2 Use declining balance depreciation using a rate that ensures the book value equals the salvage value: EOY Depreciation Deduction Unrecovered Investment 0 1 2 $ $ 3 $ $ 4 $ $ 5 $ 6 $ Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. Use double declining balance depreciation: EOY Depreciation Deduction Unrecovered Investment 0 1 $ $ 2 $ $ 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%. Use double declining balance switching to straight line depreciation: EOY Depreciation Deduction Unrecovered Investment 0 $ 1 N $ $ 3 $ 4 $ 5 $ $ 6