C- 6 Test Bank for Accounting Principles, Tenth Edition Problem C - V Depreciation Methods (16 points) The following information is available for Richards Company, which has an accounting year-end on December 31, 2012. 1. A delivery truck was purchased on June 1, 2010, for $72,000. It was estimated to have a $6,000 salvage value after being driven 132,000 miles. Prior to 2012, the truck was driven 52,000 miles, and during 2012, the truck was driven 27,000 miles. The units-of-activity method of depreciation is used. 2. A building was purchased on January 1, 2000, for $2,700,000. It is estimated to have a $60,000 salvage value at the end of its 30-year useful life. The straight-line method of depreciation is being used. 3. Equipment was purchased on January 1, 2010, for $110,000. It was estimated that the equipment would have a $12,000 salvage value at the end of its 4-year useful life. The double-declining-balance method of depreciation is being used. Instructions: Complete the table shown below by filling in the appropriate amounts. Accumulated Depreciation Depreciation Expense for Book Value at Assets 1f1!12 2012 12!31!12 Truck $ $ 33 Building $ $ $ Equipment $ $ $