Directions: it is time to complete your deprection schedule for your farm assets. Below is a list of your assets. Your goal is to calculate the deprection based on the method listed. PRODUEM 1: USE STRAGHT LAE METHOD OF DEPRECIATION PROBLEM 2: USE ACTIVITY METHOD OF DEPRECIATION 14. Calrulate the Depresiatien Eapent PROBLEM 3: USE SUM-OF-THE-YEARS-DIGIT METHOD OF DEPRECIATION Reference Chanter 6 slides 29-31 Complete the following information for the truck A. Calculate the Base using both formulas and record answer here. First Method Calculations: Second Method Calculations: B. COMPLETE THE DEPRECATION TABLE FOR THE TRUCK BELOW Nore: Tvoe vour formula in the cells for depreciation expense (Slide 31) PROBLEM 1: USE STRAIGHT LINE METHOD OF DEPRECIATION Reference Chapter 6 slides 22-25 Complete the following information for the truck A. Calculate the Depreciation Expense: Use the formula referenced Show your work B. COMPLETE THE DEPRECIATION TABLE FOR THE TRUCK BELOW PROBLEM 2: USE ACTIVITY METHOD OF DEPRECIATION Thantar 6 . clirtos 2628 A. Calculate the Depreciation Expense Use the formula referenced Show your work B. WHAT IS THE NEW VALUE OF THE TRUCK IN YEAR 2