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 $4,300. Required: a-1. Calculate depreciation expense for each year of the truck's life using Straight-line depreciation. Depreciation expense $ 6,675 per year a-2. Calculate depreciation expense for each year of the truck's life using Double-declining-balance depreciation. Year Depreciation Expense 15,500 2 $ 7,750 3 Java A ne instal b. Calculate the truck's net book value at the end of its third year of use under each depreciation method. Net book value Depreciation method Straight-line depreciation Double-declining-balance depreciation