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fill in the tables Part 1: The Pablo Paving Company purchased a new dump truck for $125,000 at the beginning of Year 1. It is

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Part 1: The Pablo Paving Company purchased a new dump truck for $125,000 at the beginning of Year 1. It is estimated that the residual value will be $15,000 and have a useful life of 5 years. Prepare a depreciation schedule using each of the 4 methods. Round %'s to 2 decimal places. Method Sum-of-the-Years'-Digits Accumulated Book Value Depreciable Cost Depreciation Expense Year Rate Depreciation End End of Year of Year 1 2 3 2 4 5 4 ChA N Method: Double-Declining-Balance Method Book Value Accumulated Beginning of Year Depreciation Expense Book Value End of Year Year Rate Depreciation End of Year 0 1 3 3 4 4 5 85 8 Method: Modified Accelerated Cost Recovery System Depreciation Expense Accumulated Depreciation End Book Value End of Year Year Cost Rate of Year 1 20.00% 2 32.00% 3 19.20% 4 4 11.52% 5 11.52% 6 5.76% Part 2: If the Dump Truck is sold for $120,000 at the end of year 3, what is the gain/loss under each of the three 50 methods? 51 Book Value @ End of Year 3 Accumulated 52 Depreciation Selling Price Gain/Loss 53 54 Straight Line Sun of Years' 55 Digits Double 56 Declining Modified Accelerated 57 Cost Recovery Sheet

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