Depreciation Methods Quick-as-Lightning, a delivery service, purchased a new delivery truck for $40,000 on January 1, 2023. The truck is expected to have a useful life of 10 years or 150,000 miles and an expected residual value of $3,000. The truck was driven 15,000 miles in 2023 and 13,600 miles in 2024. Required: 1. Compute depreciation expense for 2023 and 2024 using the: a. Straight-line method. Depreciation expense: b. Double-declining-balance method. per year Depreciation Expense 2023 2024 c. Units-of-production method. Do not round intermediate calculations. If required, round your answers to the nearest whole dollar. Depreciation Expense 2023 2024 2. For each method, what is the book value of the machine at the end of 2023? At the end of 20247 Round your answers to the nearest dollar. 2024 a. Straight-line method b. Double-declining-balance method. c. Units-of-production method 2023 3. Conceptual Connection: If Quick-as-Lightning used an 8 year useful life or 100,000 miles and a residual value of $1,000, what would be: