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Murphy company purchased a delivery truck for 50,000 on Jan 1 2018. The truck has an expected residualvalueof4,000 and expected to be driven 100,000 miles

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Murphy company purchased a delivery truck for 50,000 on Jan 1 2018. The truck has an expected residualvalueof4,000 and expected to be driven 100,000 miles overits estimated use of life of 8 years.Actual miles driven were 15,000 miles in 2018 and 12,000 miles in 2019 Compute Depreciation for 2018 using the straight line method Prepare Journal Entry for (a) For 2018 using the units of Activity Method For 2018 using the Double Declining Method For 2019 usimg the Double decining method

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