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   Depreciation for Partial Periods

   Clifford Delivery Company purchased a new delivery truck for $72,000 on April 1, 2019. The truck is expected to have a service life of 10 years or 120,000 miles and a residual value of $3,000. The truck was driven 10,000 miles in 2019 and 20,000 miles in 2020. Clifford computes depreciation expense to the nearest whole month.

   Required:

   1. Compute depreciation expense for 2019 and 2020 using the following methods: (Round your answers to the nearest dollar.)
      1. Straight-line method

         2019	$ fill in the blank 1
         2020	$ fill in the blank 2

      2. Sum-of-the-years'-digits method

         2019	$ fill in the blank 3
         2020	$ fill in the blank 4

      3. Double-declining-balance method

         2019	$ fill in the blank 5
         2020	$ fill in the blank 6

      4. Activity method

         2019	$ fill in the blank 7
         2020	$ fill in the blank 8

   2. For each method, what is the book value of the machine at the end of 2019? At the end of 2020? (Round your answers to the nearest dollar.)
      1. Straight-line method

         2019	$ fill in the blank 9
         2020	$ fill in the blank 10

      2. Sum-of-the-years'-digits method

         2019	$ fill in the blank 11
         2020	$ fill in the blank 12

      3. Double-declining-balance method

         2019	$ fill in the blank 13
         2020	$ fill in the blank 14

      4. Activity method

         2019	$ fill in the blank 15
         2020	$ fill in the blank 16