On January 1, 2020. Done Inc. purchased a Truck for $64.000 The estimated life of the truck was 8 years with an estimated residual value of 54 000. Compute the Deprecation expense. Accumula depreciation, and Book value on this equipment for the years ending on December 31, 2020. Using the following method Computations 200% Declining Balance 2020 Depreciation Exponse Accumulated Depreciation Book Value O 200% Declining Balance 2020 Computations Rates 1/8 * 1/8-2/8 or 25 of 25% S(64,000 4,000) x 25% Depreciation Expense Book Value Accumulated Depreciation $ 15,000 $ 15,000 $49,000 200% Declining Balance 2020 Computations: Rate 1/8 +1/82/8 or 25 or 25% $64.000 x 25% Depreciation Expense Book Value Accumulated Depreciation $16.000 $ 16,000 $60,000 2005 Declining Balance 2020 Computations Rato lo 1/8 2/8 or 251 25% 5464,0004000) x 25% Depreciation Expense Book Value Accumulated Depreciation $ 17,000 $17.000 $47.000 200% Declining Balance 2020 Depreciation Expense Book Value Computations Rates 118 or 125% 25 or 25% 564,000 X 125% Accumulated Depreciation $6.000 587000 556,000