Data Visualization 11-1 Comparing Depreciation Methods Fresh Food Express specializes in the delivery of refrigerated foods. The manager of the Delivery Division purchased a delivery truck for $240,000 and has expressed concern over the effect of depreciating that and other trucks on his Division's profits. As an assistant to the Chief Financial Officer (CFO), you have been asked to prepare a presentation meant to demonstrate the differential effects of three depreciation methods: activity-based, straight-line, and double-declining-balance. The truck's estimated residual value is $40,000. You have plotted depreciation each year (left graph) using an estimated five-year useful life. The graph on the right shows the accumulation of depreciation each for each method. Click here to open the graph(s) in a new tab. Required: Complete this question by entering your answers in the tabs below. Which method is depicted by each option: Complete this question by entering your answers in the tabs below. Which depreciation method results in the most depreciation and thus the largest reduction in Division's profits in the first year of the truck's five-year useful life? Complete this question by entering your answers in the tabs below. Which depreciation method resurs 2B Complete this question by entering your answers in the tabs below. Which depreciation method results in the most accumulated depreciation by the end of the truck's five-year useful life? Complete this question by entering your answers in the tabs below. What is the truck's estimated residual value? Complete this question by entering your answers in the tabs below. By the end of Year 2, Accumulated Depreciation under Method 1 is $80,000. What would be the reported book value of the truck at that time? Complete this question by entering your answers in the tabs below. If the CFO instead uses Method 3, Accumulated Depreciation by the end of Year 2 would be $153,600. What would be the reported book value of the truck at the end of Year 2 using Method 3