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ABC Corporation purchased a truck for $36,000. Salvage value is $6,400 and useful life is 4 years. Total expected mileage for the four years of

ABC Corporation purchased a truck for $36,000. Salvage value is $6,400 and useful life is 4 years. Total expected mileage for the four years of operation will be 148,000 miles. In a notepad, calculate annual depreciation for the first two years using each of the following methods and then answer the questions: Stright-line Method Double-declining-balance method Activity-based method (actual mileage Year 1: 40,000 and Year 2: 46,000)

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