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Depreciation Methods On January 1, 20X4, XYZ Company purchased a truck for $120,000. The truck is expected to have an estimated useful life of 5

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Depreciation Methods On January 1, 20X4, XYZ Company purchased a truck for $120,000. The truck is expected to have an estimated useful life of 5 years or 125,000 miles, and the company estimates that it will be able to dispose of the truck at the end of its useful life for $20,000 Complete the tables below using the specified depreciation method. a) Straight-line Accumulated Depreciation Book Value After Year's Depreciation Year Computation Depreciation Expense 20X4 20X5 20X6 20X7 20X8 b) Double declining Accumulated Depreciation Book Value After Year's Depreciation Year Computation Depreciation Expense 20X4 20X5 20X6 20X7 20x8 c) Units of activity (Assume the truck was driven 10,000 miles, 50,000 miles, 20.000 miles, 20,000 miles, and 30 000 miles in 20X4-20X8, respectively.) Accumulated Book Value After Year's Year Computation Depreciation Expense Depreciation Depreciation 20X4 20x5 20X6 20XZ 20XB

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