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og 12 QUESTION 1 [10 MARKS In recent years, Town Pizza purchased three delivery trucks. Because of frequent turnover in the accounting department, a different

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og 12 QUESTION 1 [10 MARKS In recent years, Town Pizza purchased three delivery trucks. Because of frequent turnover in the accounting department, a different accountant selected the depreciation method for each delivery truck, and various methods were selected. Information concerning the delivery trucks is summarized below. Truck Cost 1 2 3 Purchase Date Jan 1, 2019 Jan 1, 2019 Sept 1, 2020 155.000 82,000 96,500 Residual Value 2,000 5,000 6,500 Useful Life Depreciation in Years Method 5 Units-of-activity 10 Declining balance 5 Straight-line For the declining-balance method, the company uses the double-declining rate. For the units-of-activity method, total miles are expected to be 180,000. Actual miles of use in the first 3 years were 2019, 34,000; 2020, 46,000; and 2021, 48,000, REQUIRED Compute the amount of depreciation expense accumulated depreciation, and book value on each delivery truck from December 31, 2019 2020 and 2021

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