• On April 1, 2020, Snitchy Company purchased a tractor-trailer rig for $188,000.
• The vehicle is expected to have a 8-year useful life, and a salvage value of $28,000 at the end of its useful life.
• In mileage, the rig has an expected life of 352,000 miles.
• The rig was driven 44,500 miles in 2020 and 41,840 miles in 2021.

Using the above data, and keeping in mind that the only difference in Problem 2 is the purchase date; determine depreciation expense for the years 2020 and 2021 under each of the following methods: (6 answers in all)

a) Straight-Line

b) Units-of-Production

c) Declining balance at twice the straight-line rate (Double-Declining Balance)