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I need help with 5-15 please Use the following to answer questions 5 - 15 (Straight Line, 180% declining balance and Activity Based) I Transport

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Use the following to answer questions 5 - 15 (Straight Line, 180% declining balance and Activity Based) I Transport purchased a new semi-trailer truck for an acquisition cost of $300,000. The company estimates the truck will have a residual value of $75,000 when they are done using it at the end of 6 years or about 562,500 miles. Answer 5 - 8 based on Straight line depreciation 5. $ Year 2 depreciation expense 6. S Book value at the end of year 2 7. $ Accumulated depreciation for year 3 8. $ Book value at the end of year 3 Answer 9 - 13 based on 180% Declining Balance 9. $ 10. $ 11. $ 12. S 13. S Year 2 depreciation expense Accumulated depreciation for year 2 Book value at the end of year 2 Year 3 depreciation expense Year 4 depreciation expense 7. $ Accumulated depreciation for year 3 8. $ Book value at the end of year 3 Answer 9 - 13 based on 180% Declining Balance 9. $ 10. $ 11. $ 12. $ 13. $ Year 2 depreciation expense Accumulated depreciation for year 2 Book value at the end of year 2 Year 3 depreciation expense Year 4 depreciation expense Answer 14 and 15 based on Activity based I Transport used the truck as follows: 1 Year Activity (miles) 90.000 2 94,000 3 96,000 4 93.000 97.000 6 92.500 5 14. Under activity based depreciation; what is the amount of depreciation expense they would have recorded for year 3? $ 15. Under activity based depreciation; what is the book value at the end of year 3? $

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