Lightning Delivery Company purchased a new delivery truck for $45,000 on April 1, 2016. The truck is expected to have a service life of 10 years or 120,000 miles and a residual value of $3,000. The truck was driven 10,000 miles in 2016 and 13,000 miles in 2017. Lightning computes depreciation expense to the nearest whole month.

Depreciation for Partial Periods Lightning Delivery Company purchased a new delivery truck for $45,000 on April 1, 2016. The truck is expected to have a service life of 10 years or 120,000 miles and a residual value of $3,000. The truck was driven 10,000 miles in 2016 and 13,000 miles in 2017. Lightning computes depreciation expense to the nearest whole month. Required: 1. Compute depreciation expense for 2016 and 2017 using the (Round your answers to the nearest dollar.) a. Straight-line method 2016 2017 $ $ b. Sum-of-the-years'-digits method 2016 2017 $ $ c. Double-declining-balance method 2016 2017 $ $ d. Activity method 2016 2017 2. $ $ For each method, what is the book value of the machine at the end of 2016? At the end of 2017? (Round your answers to the nearest dollar.) a. Straight-line method 2016 2017 b. $ $ Sum-of-the-years'-digits method 2016 2017 $ $ c. Double-declining-balance method 2016 2017 $ $ d. Activity method 2016 2017 $ $