Part 1: The Pablo Paving Company purchased a new dump truck for $125,000 at the beginning of Year 1. It is estimated that the residual value will be $15,000 and have a useful life of 5 years. Prepare a depreciation schedule using each of the 4 methods. Round %'s to 2 decimal places. Method: Sum-of-the-Years'-Digits Accumulated Depreciation Expense Book Value Depreciable Depreciation End of Year Year Rate x End of Year Cost 1 2 3 2 4 5 LO Method: Double-Declining-Balance Method Book Value Accumulated Depreciation Expense Book Value End of Year Year Beginning of Year Rate Depreciation End of Year 1 2 2 3 4 4 5 Method: Modified Accelerated Cost Recovery System Accumulated Depreciation End of Year Depreciation Expense Year Book Value Cost Rate End of Year 1 20.00% 2 32.00% 19.20% 11.52% 5 11.52% 6 5.76% Part 2: If the Dump Truck is sold for $120,000 at the end of year 3, what is the gain/loss under each of the three 50 methods? 51 Book Value @ End of Year 3 Accumulated 52 Depreciation Selling Price Gain/Loss 53 54 Straight Line Sun of Years' 55 Digits Double 56 Declining Modified Accelerated 57 Cost Recovery Sheet