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Can you please show the steps on how you answered this, thank you Problem C-VI-Depreciation Methods (12 points) Comprehensive Examination C C The following information

image text in transcribedCan you please show the steps on how you answered this, thank you
Problem C-VI-Depreciation Methods (12 points) Comprehensive Examination C C The following information is available for Queen Company, which has an accounting year-end on December 31, 2015. A truck was purchased on June 1, 2013, for $200,000. It was estimated to have a $20,000 salvage value after being driven 120,000 miles. During 2015, the truck was driven 20,000 miles. The units-of-activity method of depreciation used. 2. A building was purchased on January 1, 1988, for $3,000,000. It is estimated to have a $30,000 salvage value at the end of its 40-year useful life. The straight-line method of depreciation is being used. 3. Store equipment was purchased on January 1, 2014, for $280,000. It was estimated that the store equipment would have a $28,000 salvage The double-declining balance method of depreciation is being used value at the end of its 5-year useful life. Instructions Complete the table shown below by filling in the appropriate amounts. Accumulated Depreciation Depreciation Expense for 2015 Book Value at 12/31/15 Assets Truck Building Equipment $ 75,000 $2,004,750 $112,000

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