On January 1, 2020, Done Inc. purchased a Truck for $88,000. The estimated life of the truck was 4 years, with an estimated residual value of $8,000. Compute the Depreciation expense, Accumulated depreciation, and Book value on this equipment for the years ending on December 31,2020 and 2021. Using the following methods:

Straight-line Method	Computations	Depreciation Expense	Accumulated Depreciation	Book Value
2020
2021

200% Declining Balance	Computations:	Depreciation Expense	Accumulated Depreciation	Book Value
2020
2021