Depreciation for Partial Periods

Clifford Delivery Company purchased a new delivery truck for $54,000 on April 1, 2019. The truck is expected to have a service life of 5 years or 180,000 miles and a residual value of $3,000. The truck was driven 10,000 miles in 2019 and 16,000 miles in 2020. Clifford computes depreciation expense to the nearest whole month.

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.)

Sum-of-the-years'-digits method

2019
2020

Double-declining-balance method

2019	16,200
2020

Activity method

2019
2020	.

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.)

1. Straight-line method

   2019
   2020

2. Sum-of-the-years'-digits method

   2019
   2020

3. Double-declining-balance method

   2019
   2020

4. Activity method

   2019
   2020