Page 50 DEPRECIATION METHODS Gilbert's Garbage Service purchased a garbage truck at a cost of $70,000 on January 1, the beginning of the fiscal year. The truck has an estimated life of 5 years and an estimated salvage of $10,000. The truck is expected to be driven 100,000 miles during its life. Determine the depreciation for each of the following methods. Accumulated Depreciation Depreciation Expense Equipment 70,000 A. Straight-line method. Depreciation Expense Accumulated Depreciation Year Book Value B. Units-of-production method. Depreciation Expense Accumulated Depreciation Year Book Value Miles Driven 15,000 20,000 30,000 20,000 20,000 C. Double Declining Balance (200% declining balance) Depreciation Expense Accumulated Depreciation Year Book Value