BBA 245 Class Work March 16 BE 253 Apachi Company purchased a delivery truck for $40,000 on January 1, 2011. The truck was assigned an estimated useful life of 5 years and has a residual value of $10,000. Compute depreciation expense using the double-declining-balance method for the years 2011 and 2012 BE 254 Apachi Company purchased a delivery truck for $35,000 on January 1, 2011. The truck was assigned an estimated useful life of 100,000 miles and has a residual value of $10,000. The truck was driven 18,000 miles in 2011 and 22,000 miles in 2012. Compute depreciation expense using the units-of-activity method for the years 2011 and 2012. BE 256 On September 1, 2010, Barcelona purchased equipment costing $50,000, with an estimated life of 5 years and estimated residual value of $2,000. Compute depreciation expense for Barcelona for 2010 assuming; a) Straight-line depreciation method with fractional periods rounded to the nearest full month b) 200% declining balance, using half year convention c) 150% declining balance method with fractional periods rounded to the nearest full month. BE 257 Miley Enterprises sold equipment on January 1, 2011 for 5,000. The equipment had cost 24,000. The balance in Accumulated Depreciation at January 1 is 20,000. What entry would Miley make to record the sale of the equipment