Depreciation for Partial Periods Storm Delivery Company purchased a new delivery truck for $57,000 on April 1, 2016. The truck is expected to have a service life of 10 years or 130,800 miles and a residual value of $3,240. The truck was driven 10,700 miles in 2016 and 14,300 miles in 2017. Storm computes depreciation to the nearest whole month. Required: Compute depreciation expense for 2016 and 2017 using the following methods: (Round your final answers to the nearest dollar.) a. Straight-line method 2016 is 20175 b. Sum-of-the-years'-digits method 2018 \& 2017; c. Double-declining-balance method 2016 2017 \& d. Activity method 20s5s 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 2015201755 b. Sum-of-the-years'-digits method 2016$2017$ c. Double-declining-balance method 2016201755 d. Activity method 2016$2017$ 3. The book value of the asset in the early years of the asset's service will be under an accelerated method as compared to the straight-line method. The method is appropriate when the service life of the asset is affected primarily by the amount the asset is used