On January 1st, 20X1, ABC Company purchased a work truck. Details on this truck are as follows: Year 20X1 20X2 20X3 20X4 Cost Residual value Estimated useful life (years) a) Complete the following chart using the straight line method. Year 20X1 20X2 $ $ Depreciation Accumulated Expense Depreciation 218,750 225,000 225,000 25,000 Accessibility, Good to go b) Complete the following chart using the declining-balance method. 1. Depreciation Methods 4 Book Value 193,750 Depreciation Accumulated Expense Depreciation Book Value II Sale of Truck O Search + 11 Cr

On January 1st, 20X1, ABC Company purchased a work truck. Details on this truck are as follows: a) Complete the following chart using the straight line method. b) Complete the following chart using the deciining-baiance method. On January 1st, 20X1, ABC Company purchased a work truck. Details on this truck are as follows: a) Complete the following chart using the straight line method. b) Complete the following chart using the deciining-baiance method