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Depreciation for Partial Periods Norman Delivery Company purchased a new delivery truck for $45,000 on April 1, 2019, The truck is expected to have a
Depreciation for Partial Periods Norman Delivery Company purchased a new delivery truck for $45,000 on April 1, 2019, The truck is expected to have a service life of $ years or 120,000 males and a residual value of $3,000. The truck was driven 12,000 miles in 2019 and 20,000 miles in 2020, Norman computes depreciation expense to the nearest whole month. Requiredt 1. Compute depreciation expense for 2019 and 2020 using the following methods: (Round your answers to the nearest dollar.) a. Straight-line method b. Sum-of-the-years'-digits method c. Double-declining-balance method 20192020$$ d. Activity method \begin{tabular}{ll|l} 2019 & 5 \\ 2020 & 5 & x \end{tabular} 2. For each method, what is the book value of the machine at the end of 2019?At the end of 2020 ? (Round your aniswars to the nearest dolfarf) B. Straight-line method b. Sum-of-the-years-digits method c. Double-declining-balance method \begin{tabular}{ll|l|} 2019 & 5 & x \\ 2020 & 5 & x \end{tabular} d. Activity method 2019 \$ 2020 \$ x 3. Next Level The book value of the asset in the earfy years of the asset's service will be to the straight-line method. The asset is used
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