IMPAIRMENT Complete the Units of Activity Depreciation schedule below with the following information. 1Delivery Truck was purchased on January 22, 2009 for S62,000 which included the list price, lettering, upgraded shocks, legal fees for contract assessment, and sales tax. Useful life is estimated to be 150,000 miles with a salvage value of S2,000. 2 Normal depreciation entries for years 2009 and 2011. On January 8, 2012 your maintenance personnel reports that the Delivery Truck is impaired due to a faulty transmission that is not worthy of repair. Trade in value of the impaired truck is $8,000. Mainenance suggests to use the truck for short runs only until 2013 and anticipates remaining life to be 30,000 miles salavage value to be S500. 4 Update depreciation entries for years 2012 through 2013 with the revisions identfied in step 3. Delivery Truck: Purchased September 29, 2009 Annual End of Year X Depreciation Depreciation Accumulated Year 2009 2010 2011 2012 2013 Units in miles 50,000 35,000 40,000 10,000 9,000 Rate Expense Depreciation Book Value Delivery Truck: Units of activity $300,000 miles Annual End of Year Units of XDepreciationDepreciation activity Accumulated Depreciation Year Rate /unit Expense Book Value Delivery Truck: Double Declining Balance Annual End of Year XDepreciationDepreciation Year Book Value Accumulated Depreciation Rate Expense Book Value