a2 and b

Barefoot Industrial acquired a new delivery truck at the beginning of its current fiscal year. The truck cost $31.000 and has an estimated useful life of four years and an estimated salvage value of $4,700. a-2. Calculate depreciation expense for each year of the truck's life using Double-declining-balance depreciation Year Depreciation Expense 1 $ 15,500 2 $ 7.750 3 4 b. Calculate the truck's net book value at the end of its third year of use under each depreciation method. Net book value $ 6,575 Depreciation method Straight-line depreciation Double-declining-balance depreciation $ 4.700