Goneales Andrea Chapter 8-Exercise A delivery truck costs $20,000 and has an estimated residual value of $2,000 at the end of its estimated useful life of five years. Assume the truck was used 20,000 miles during year 1; 30,000 miles during year 2; 10,000 miles during year 3; 20,000 miles during year 4; and 10,000 miles during the fifth year. Calculate Depreciation Expenses for each year using: (a) Straight-Line Method (b) Units of Production Method (c) Double-Declining-Balance Method (a) Straight-Line Method Depreciation Expense Year 3 4 5 (b) Units of Production Method Depreciation Expense Year 1 2 4 (c) Double-Declining-Balance Method Year Depreciation Expense 1 2 3 4 5 Working Table: Year 1 2 3 4