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Calculator Depreciation for Partial Periods purchased a new delivery truck for $63,000 on April 1, 2016. The truck is expected to have a service life

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Calculator Depreciation for Partial Periods purchased a new delivery truck for $63,000 on April 1, 2016. The truck is expected to have a service life of 10 years or 116,400 5,000 miles in 2017. Woody computes depredation to the nearest miles and a residual value of $2,280. The truck was driven 11,100 miles in 2016 and I whole month. Required: 1. Compute depreciation expense for 2016 and 2017 using the For interim computations, carry amounts out to two decimal places. Round your final answers to the nearest dollar. a. Straight-line method 2016 2017$ b. Sum-of-the-years'-digits method 2016 2017 c. Double-declining-balance method 2016 2017 d. Activity method 2016 2017 2. For each method, what is the book value of the machine at the end of 2016? At the end of 20172 (Round your answers to the nearest dollar.) a. Straight-line method 2016 2017 b. Sum-of-the-years'-digits method 2016 2017 c. Double-declining-balance method 2016 2017 d. Activity method Previous Next

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