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Depreciation for Partial Periods Malone Delivery Company purchased a new delivery truck for $72,000 on April 1, 2019. The truck is expected to have a

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Depreciation for Partial Periods Malone Delivery Company purchased a new delivery truck for $72,000 on April 1, 2019. The truck is expected to have a service life of 10 years or 120,000 miles and a residual value of $3,000. The truck was driven 8,000 miles in 2019 and 20,000 miles in 2020. Malone computes deprecation 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.) a. Straight-line method 2019 5900 2020 b. Sum-of-the-years-digits method 2019 5 2020 $ c. Double-declining balance method 2019 $ 2020 d. Activity method 2019 2020 5 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.) a. Straight-line method 2019 111 T07512 587 d- 2020 d. Activity method 2019 $ 2020 2. For each method, what is the book value of the machine at the end of 20197 At the end of 2020? (Round your answers to the nearest dollar.) a. Straight line method 2019 $ 2020 b. Sum-of-the-years-digits method 2019 $ 2020

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