Beerbo purchased a truck for $41,000 cash. Beerbo expects to use the truck for 5 years. At the end of its useful life, Beerbo expects to sell the truck for $1,000 cash. Assume Beerbo has a December 31 fiscal year-end 7.3) q12 Under step 1 of the DDB method, the straight-line depreciation rate per year is 73) q13. Under step 2 of the DDB method, the DDB rate is % 7.3) q14. Use the guidance from steps 3 and 4 of the DDB method to complete the chart below: Beginning NBV (A) DDB% (16) Depreciation Exp. (B) Ending NBV (A-B) Year 1 41,000 Year 2 Year 3 Year 4 Year 5 1,000 7.3) q15. Assuming Beerbo purchased the truck on January 1, 2020, determine the depreciation expense Beerbo would record each year under the double-declining-balance method Method Double-Declining Balance Year 1 depreciation expense: Year 2 depreciation expense: $ 7.3) 416. Assuming Beerbo purchased the truck on January 1, 2020, determine the following balances assuming the double-declining balance method was used Truck Accumulated Depreciation Net Book Value Truck Truck End of year 1 End of year 2 15 DR or CRI (DR or CRI 15 [DR or CRI IDR or CR 7.3) q17. An accelerated depreciation method (e.g. double-declining balance method) depreciates a larger amount of the asset's cost near the start of its useful life than the straight-line method does. True or false? 7.3) 918. Consider your responses to 7:3) q8 and 7.3) 415 above. Assume the same facts except that Beerbo purchased the truck on October 1, 2020. How much depreciation expense would Beerbo record in its first year (e. for fiscal-year 2020) for each depreciation method below Method: Straight-Line Double-Declining-Balance