Depreciation for Partial Periods Woody Delivery Company purchased a new delivery truck for $69,000 on April 1, 2019. The truck is expected to have a service life of 5 years or 180,000 miles and a residual value of $3,000. The truck was driven 8,000 miles in 2019 and 14,000 milles in 2020 . Woody computes depreciation 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-ine method b. Sum-of-the-years-digits method \begin{tabular}{ll|} 2019 & $ \\ 2020 & $ \end{tabular} c. Double-declining-balance method 2019 \$ 2020$ d. Activity method 20192020$$ 2. For each method, what is the book value of the machine at the end of 20197 At the end of 2020 ? (Round your answers to the nearest dollar.) a. Straight-line method b. Sum-of-the-years'-digits method 2. For each method, what is the book value of the machine at the end of 2019? At the end of 2020? (Round your answers 10 the nearest dollar.) a. Straight-line method 20192020$5 b. Sum-of-the-years'-digits method 20192020$$ c. Double-declining-balance method 2019202055 d. Activity method \begin{tabular}{ll|l} 2019 & 5 \\ 2020 & $ \end{tabular} 3. Next Level The book yalue of the asset in the early years of the asset's service will bel under an accelerated method as compared to the straight-ine method, The method is appropriate when the service life of the astet is affected pilinarily by the amount the asset is used