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Engvoll Inc. purchased a transport truck for $188,800. The company expected the truck to have a useful life of 8 years or 236,800 kilometres,
Engvoll Inc. purchased a transport truck for $188,800. The company expected the truck to have a useful life of 8 years or 236,800 kilometres, with an estimated residual value of $11,200 at the end of that time. During the first and second years, the truck was driven 27,800 and 34,400 kilometres, respectively. Calculate the depreciation expense for the second year under the straight-line, units-of-production, and double-diminishing-balance methods. (Round depreciation per kilometre to 2 decimal places, eg. 1.25 and final answers to O decimal places, e.g. 5,275.) Straight-line method $ Year 2 Depreciation Expense Units-of-production method $ Double-diminishing-balance method $
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