Depreciation Methods Year 1 43,000 Cost of machine (purchased Jan 1) Salvage value Useful life in years 3,000 5 Useful life in machine hours 100,000 A. Using the information provided above, calculate this truck's depreciation for Year 1 and Year 2 using the following methods: Year 2 Year 1 1. Straight-line 2. Double-declining balance 3. Units of activity (Year 1 actual hours 27.000 hrs) (Year 2 actual hours 30,000 hrs) B. Using the Units of activity method (as in (3) above), Calculate the BOOK VALUE of the machine at the end of YEAR 2 of Year 2 for $25,000 7 What is the if the machine is sold at the end Gain or Lo C. Ifthe straight-line method was used and the machine had been purchased on of January 1, how much depreciation would have been taken in year 1? S September 1 instead D. An asset is purchased on May 1, 2017 for $50,000 with a salvage value of $2,000. What will be the depreciation for the first year using straight-line deprecation if the useful life is estimated to be 4 ears? What will be the book value at the end of 2018