Depreciation

INSTRUCTIONS: Using the following facts enter the amount of depreciation for years for each of the three depreciation methods

On January 1, Year 1Bluth Co. purchased a new stair case truck for $65,000. Bluth estimated that the truck would last 5 years or approximately 90,000 miles and have a salvage value of $5,000. The truck was driven 21,000 miles in Year 1; 27.000, 21, 000, 12, 000, and 9,000 miles in years 2-5 respectively. Indicate the amount of depreciation expense for each year in the table below

3. Depreciation (15 points) INSTRUCTIONS: Using the following facts enter the amount of depreciation for years 1-5 for each of the three depreciation methods On January 1, Year 1. Bluth Co purchased a new stair case truck for $65,000. Bluth estimated that the truck would last 5 years or approximately 90,000 miles and have a salvage value of $5,000. The truck was driven 21,000 miles in Year 1: 27,000,21,000, 12,000, and 9,000 miles in years 2-5 respectively. Indicate the amount of depreciation expense for each year in the table below. I Straight Line Double Declining Balance Units-of-Production Year 1 Year 2 Year 3 Year 4 Year 5