Depreciation for Partial Periods Cheers Delivery Company purchased a new dellvery truck for $45,000 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 10,000 miles in 2019 and 14,000 miles in 2020, Cheers computes depreciation expense to the nearest whole month Required: 1. Compute depreciation expense for 2019 and 2020 using the following methods: (Round your answers to the nearest dollar) Straight-line method 2019 $ 2020 $ b. Sum-of-the-years' digits method 2019 $ 2020 SA Double-declining balance method 2019 $ 2020 d. Activity method 2019 $ 2020 $ 2. For each method, what the book value of the machine at the end of 2019? At the end of 20207 (Round your answers to the nearest dollar.) 3. Straight-line method 2019 $ Check My Work more Check My Worx uses remaining Previous Next >