Bullitt Foods purchased a truck from a company going out of business for $42,000. An appraisal indicated the fair value of the truck to be $45,000, Bullitt Foods estimated the truck would provide future benefits for 3 years and would bring an 800 residual value at the end of the 3-year period. How much is the depreciation expense for the second year of life if Bullitt Foods uses the double-declining-balance method? $6, 933 $27, 997 $9, 334 $13, 733 On January 1, Refuse Management purchased a new garbage truck for $183, 800. Refuse Management estimated the truck's residual value to be $32,000, and that it could be used for 6.600 dumps. During Year 1, the truck completed 1.200 dumps. If Refuse Management uses units-of-production depreciation, how much is the book value of the truck at the end of Year 1? $124, 800 $27, 600 $156, 200 $123, 600