Conn Homework: Chapter 8 Graded Homework Score: 0.83 of 1 pt (%) S88 (similar to) Save in 2 of 3 (3 complete) HW Score: 61.37%, 3.07 of 5 pts EQuestion Help On January 1, Marble Trucking purchased a used Kenworth truck at a cost of $41,000. Marble Trucking expects the truck to remain useful for eight years (900,000 miles) and to have a residual value of $5,000. Marble Trucking expects the truck to be driven 180,000 miles the first year and 315,000 miles the second year Compute second-year depreciation expense on the truck using the following methods a. Straight-line b. Units-of-production c. Double-declining-balance Start by selecting the formulas needed to compute annual depreciation under each of the three methods. (Cost - Residual value)/ Useful life in years (Cost - Residual value) Useful life in miles] x Miles driven Book value x [(1/Useful life in years) x 2] Straight-line depreciation Units-of-production depreciation - Double-declining-balance depreciation a. Compute Marble Trucking's second-year depreciation expense on the truck using the straight-line method Second-year depreciation on the truck using the straight-line method is S b. Compute Marble Trucking's second-year depreciation expense on the truck using the units-of-production method Second-year depreciation on the truck using the units-of-production method is $ c. Compute Marble Trucking's second-year depreciation expense on the truck using the double-declining-balance method. (Round the double-declining depreciation 4,500 Incorrect: C 12,600 rate to two decimal places. Round your final answer to the nearest whole number.) Second-year depreciation on the truck using the double-declining-balance method is S Enter any number in the edit fields and then click Check Answer. All parts showing Clear All Check