Norman Delivery Company purchased a new delivery truck for $$63,000$ on April $1,$ Year $1.$ The truck is expected to have a service life of $10$ years or $90,000$ miles and a residual value of $$3,000.$ The truck was driven $8,000$ miles in Year $1$ and $16,000$ miles in Year $2.$ Norman computes depreciation expense to the nearest whole month.

Required:

Compute depreciation expense for Year $1$ and Year $2$ using the following methods: $($Round your answers to the nearest dollar.$)$

Straight$-$line method

Sum$-$of$-$the$-$years'$-$digits method

Double$-$declining$-$balance method

Activity method

For each method, what is the book value of the machine at the end of Year $1?$ At the end of Year $2?$

Straight$-$line method

Sum$-$of$-$the$-$years'$-$digits method

Double$-$declining$-$balance method

Activity method