Depreciation for Partial Periods Clifford Delivery Company purchased a new delivery truck for $37,800 on April 1, 2016. The truck is expected to have a service life of 10 years or 124,800 miles and a residual value of $2,640. The truck was driven 10,300 miles in 2016 and 12,300 miles in 2017. Clifford computes depreciation to the nearest whole month. ) Required: 1. Compute depreciation expense for 2016 and 2017 using the For interim computations, carry amounts out to two decimal places. Round your final answers to the nearest dollar. a. Straight-line method 2016 $ 3,516 X 2017 31,647 X b. Sum-of-the-years-digits method 2016 c. Double-declining-balance method 2016 d. Activity method 2016 2. For each method, what is the book value of the machine at the end of 2016? At the end of 2017? (Round your answers to the nearest dollar.) a. Straight-line method 2016 $ 2017 $ b. Sum-of-the-years-digits method 2016 c. Double-declining-balance method 2016 d. Activity method 3. The book value of the asset in the early years of the asset's service will be lower under an accelerated method as compared to the straight-line method. The activity method is appropriate when the service life of