Lamar's Lawn Care Service Asset acquired January 1. Purchased for $14,000; salvage value is $2,000. Useful life is 5 years. Total units of activity = 6,250 hours. Hours used in year 1 totaled 950. Hours used during year 2 totaled 845. Method Depreciation Expense Year 1 Year 2 Depreciable Base Rate of Depreciation Depreciation 1 Straight-line Calcuate SL Formula ca Two #2 Activity Method thours used) #3 Sum of the Years' Digits Annual Depreciation SOTY Rate Yes Eupense Accumulated Depreciation Ending Book Value Year Depreciable Base Year1 Year 2 #4 Double Declining Balance Declining Rate Annual Depreciation Refer to Staight Expense Line Rate) Accumulated Depreciation Ending Book Value Year Beginning Book Value Year 1 Year1