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AP8-5B (Calculation of depreciation; three methods) Engvoll Inc. purchased a transport truck for $196,000. The company expected the truck to have a useful life of

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AP8-5B (Calculation of depreciation; three methods) Engvoll Inc. purchased a transport truck for $196,000. The company expected the truck to have a useful life of eight years or 230,000 kilometres, with an estimated residual value of $12,000 at the end of that time. During the first and second years, the truck was driven 29,400 and 31,600 kilometres, respectively. Required Calculate the depreciation expense for the second year under the straight-line, units-of-production, and double-diminishing-balance methods

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