C11I Investments in Noncurrent Operating Assets-Utilization and Retirement EOC 11-55 PROBLEMS Time-Factor Methods of Depreciation A delivery truck was acquired by Navarro Inc. for $40,000 on January 1, 2015. The truck was estimated to have a three-year life and a trade-in value at the end of that time of $10,000. The following depreciation methods are being considered: Poblem 11-50 (a) Depreciation is to be calculated by the straight-line method (b) Depreciation is to be calculated by the sum-of-the-years'-digits method. (c) Depreciation is to be calculated by the double-declining-balance method. Instructions: Prepare tables reporting periodic depreciation and asset book value over a three-year period for each method listed