Depreciation Expense Amounts. Please show solution for each step.

1) Company purchased a truck on January 1, 2009, at a cost of $34,000. The company estimated that the truck would have a useful life of 4 years and a residual value of $4,000. A. Calculate depreciation expense under straight line and double declining balance for 2006-2009. Year Depreciation Depreciation

Straight-line method Declining balance method

200% acceleration rate

2006

2007

2008

2009

B. Which of the two methods in part A would result in:

(1.) Lower net income in 2007?

(2.) Lower net income in 2008?