Depreciation for Partial Periods

Sampson Delivery Company purchased a new delivery truck for $51,000 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 12,000 miles in 2019 and 14,000 miles in 2020. Sampson computes depreciation expense to the nearest whole month.

Required:

Compute depreciation expense for 2019 and 2020 using the following methods: (Round your answers to the nearest dollar.) Straight-line method

2019	$ fill in the blank 1
2020	$ fill in the blank 2

Sum-of-the-years'-digits method

2019	$ fill in the blank 3
2020	$ fill in the blank 4

Double-declining-balance method

2019	$ fill in the blank 5
2020	$ fill in the blank 6

Activity method

2019	$ fill in the blank 7
2020	$ fill in the blank 8

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.) Straight-line method

2019	$ fill in the blank 9
2020	$ fill in the blank 10

Sum-of-the-years'-digits method

2019	$ fill in the blank 11
2020	$ fill in the blank 12

Double-declining-balance method

2019	$ fill in the blank 13
2020	$ fill in the blank 14

Activity method

2019	$ fill in the blank 15
2020	$ fill in the blank 16