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epreciation for Partial Periods Bar De very company purchased a new delivery truck for $45,000 on April 1, 2019. The truck is expected to have
epreciation for Partial Periods Bar De very company purchased a new delivery truck for $45,000 on April 1, 2019. The truck is expected to have a service life of 10 years or 90, miles and a residual value of $3,000. The truck was driven 10,000 miles in 2019 and 18,000 miles in 2020. Bar computes depreciation expense to nearest whole month Required: 1. Compute depreciation expense for 2019 and 2020 using the following methods: (Round your answers to the nearest dollar.) a. Straight-line method 2019 $ 2020 b. Sum-of-the-years' digits method 2019 $ 2020 c. Double-declining balance method 2019 $ 2020 5 d. Activity method 2019 2020 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.) a. Straight-line method 2019 5 2020 b. Sum-of-the-years-digits method 2019 5 2020 c. Double-declining balance method 2019 2020 5 G: Activity method 2019 $ 2020 3. Next Level The book value of the set in the early years of the asset's service will be under an accelerated method as compared to the straight line method. The method is appropriate when the service ale or the asset is affected primarily by the amount the asset is used epreciation for Partial Periods Bar De very company purchased a new delivery truck for $45,000 on April 1, 2019. The truck is expected to have a service life of 10 years or 90, miles and a residual value of $3,000. The truck was driven 10,000 miles in 2019 and 18,000 miles in 2020. Bar computes depreciation expense to nearest whole month Required: 1. Compute depreciation expense for 2019 and 2020 using the following methods: (Round your answers to the nearest dollar.) a. Straight-line method 2019 $ 2020 b. Sum-of-the-years' digits method 2019 $ 2020 c. Double-declining balance method 2019 $ 2020 5 d. Activity method 2019 2020 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.) a. Straight-line method 2019 5 2020 b. Sum-of-the-years-digits method 2019 5 2020 c. Double-declining balance method 2019 2020 5 G: Activity method 2019 $ 2020 3. Next Level The book value of the set in the early years of the asset's service will be under an accelerated method as compared to the straight line method. The method is appropriate when the service ale or the asset is affected primarily by the amount the asset is used
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