Bravo Company purchased equipment on October1, 2016. Bravo paid $60,000 for equipment and paid an additional $500 for shipping and $200 to place the equipment in service. The equipment is expected to have a $6000 residual value and an 8-year life. Bravo has a December 31fiscal year end. Using the double-declining balance method, how much is:

1. the 2018 depreciation expense
2. the accumulation depreciation after the fiscal year 2018 adjusting entry
3. the book value of the truck after the fiscal year 2018 adjusting entry