DEPRECIATION 1: On January 1, 20x1, Tony's Catering Inc. purchased for $50,000 a delivery truck that will be driven an estimated 100,000 miles. The truck has an estimated useful life of five years and an estimated residual value of $2,000. To the best of your ability, prepare a depreciation schedule. Straight-line Cost Yearly Depr Acc. Depr Carrying Value Misc. calc: Date of purchase End of year 1 2 3 4 5 Double-Declining Date of purchase End of year 1 2 3 4 5 Units of Activity Units of Activity Depr Cost/unit Annl Depr Exp Year 3 only Do for year 3 only. Assume 12,000 miles were driven that year. deprec cost 0 100000 range 10 cost/mile