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Depreciation for Partial Periods Bean Delivery Company purchased a new delivery truck for $69,000 on April 1, 2019. The truck is expected to have a
Depreciation for Partial Periods Bean Delivery Company purchased a new delivery truck for $69,000 on April 1, 2019. The truck is expected to have a service life of 10 years or 90,000 miles and a residual value of $3,000. The truck was driven 10,000 miles in 2019 and 14,000 miles in 2020. Bean computes depreciation expense to the nearest whole month. Required: Compute depreciation expense for 2019 and 2020 using the following methods: (Round your answers to the nearest dollar.) Straight-line method 2019 $ fill in the blank 1 2020 $ fill in the blank 2 Sum-of-the-years'-digits method 2019 $ fill in the blank 3 2020 $ fill in the blank 4 Double-declining-balance method 2019 $ fill in the blank 5 2020 $ fill in the blank 6 Activity method 2019 $ fill in the blank 7 2020 $ fill in the blank 8 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 $ fill in the blank 9 2020 $ fill in the blank 10 Sum-of-the-years'-digits method 2019 $ fill in the blank 11 2020 $ fill in the blank 12 Double-declining-balance method 2019 $ fill in the blank 13 2020 $ fill in the blank 14 Activity method 2019 $ fill in the blank 15 2020 $ fill in the blank 16 Next Level The book value of the asset in the early years of the asset's service will be under an accelerated method as compared to the straight-line method. The method is appropriate when the service life of the asset is affected primarily by the amount the asset is used
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