basket purchase depreciation The cost of your company's new truck is $40,000. You estimate the residual value to be $5,000 and its estimated service life 5 years or 100,000 miles. Create a depreciation schedule using the three depreciation methods below: Determine Depreciable Basis Acquisition Costs 40,000 Salvage Value 5,000 Depreciable bases 35,000 Straight Line Activity Based Assuming the following Miles driven Depreciation Acc. Depreciation Book Value Miles driven Expense Year 1 15,000 Year 2 25,000 Year 3 21,000 Year 4 18000 Year 5 21000 Cost per mile $0.35 Straight Line Assume the truck was placed in service on 8/1/2022 Depreciation Expense Acc. Depreciation Book Value Double Declining Balance Beg. Book Value Depreciation Rate Depreciation Expense Acc. Depreciation Book Value Depreciation Expense Acc. Depreciation Book Value