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For the Depreciation Expense Calculations (parts 2&3 below), report the answers in the following format: Part 2, calculating depreciation. (24 points) Make a table using

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For the Depreciation Expense Calculations (parts 2&3 below), report the answers in the following format: Part 2, calculating depreciation. (24 points) Make a table using the straight-line method and declining-balance method to calculate the annual tax depreciation expense for each of the first three years for the following list of non-current assets: NOTE 1: Assume all assets were purchased on January 1. NOTE 2: For the declining balance method, use a multiple of 2 . NOTE 3: Show the actual calculations for at least the Truck, so I can evaluate the proper use of the depreciation formulas. Part 3. (6 points) Assume the truck in Part 2, was purchased on May 1 (thus, the truck was available for 8 months in year 1, but 12 months in years 2 and 3). Therefore, a partial period adjustment is needed for its depreciation. Recalculate the SL and DB calculations values for the first 3 years using this new information

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