Depreciation for Partial Periods Bean Delivery Company purchased a new delivery truck for $48,000 on April 1, 2019. The truck is expected to have a service life of 5 years or 90,000 miles and a residual value of $3,000. The truck was driven 12,000 miles in 2019 and 16,000 miles in 2020. Bean computes depreciation expense to the nearest whole month Required: 1. Compute depreciation expense for 2019 and 2020 using the following method: (Round your answers to the nearest dollar) 1. Straight-line method 2019 $ 2020 $ b. Sum-of-the-years-digits method 2019 $ 2020 $ c. Double-declining-balance method 2019 $ 2020 3 d. Activity method 2019 5 2020 $ 2. For each method, what is the book value of the machine at the end of 2019? At the end of 2020 (Round your answers to the nearest dollar.) Straight line method 2019 S Next 2. For each method, what is the book value of the machine at the end of 20197 At the end of 20207 (Round your answers to the nearest dollar) 1. Straight line method 2019 $ 2020 $ b. Sum-of-the-years-digits method 2019 2020 Accounting numeric field c. Double-declining-balance method 2019 5 2020 5 d. Activity method 2019 5 2020 5 3. Next Level The book value of the asset in the early years of the assets service will be under an accelerate todas compared to the straight-line method. The method is appropriate when the service life of the set is affected primarily by the amount the asset is used