PART III - DEPRECIATION METHODS (12 points) The following information is available for Joey Company, which has an accounting year-end on December 31, 2016. 1. A delivery truck was purchased on January 1, 2015, for $72,000. It was estimated to have a $6,000 salvage value after being driven 132,000 miles. In 2015, the truck was driven 52,000 miles, and during 2016, the truck was driven 27,000 miles The units-of-activity method of depreciation is used 2 A building was purchased on January 1, 2013, for $2,700,000. It is estimated to have a $60,000 salvage value at the end of its 30-year useful life. The straight-line method of depreciation is being used. 3. The Furniture was purchased on April 1, 2014 for $66,000. It is estimated to have a $6,000 salvage value at the end of its 5 year useful life. The straight line method of depreciation is being used 4. Equipment was purchased on January 1, 2015, for $110.000. It was estimated that the equipment would have a $12.000 salvage value at the end of its 4-year useful life The double-declining-balance method of depreciation is being used et le 19 Row Column word Em E ER Spell Check reading 21 Heading 3 H Instructions: Complete the table shown below by filling in the appropriate amounts Accumulated Depreciation 12/31/15 Depreciation Expense for Book Value 12/31/16 12/31/16 Asset I Truck $ Building $ $ Furniture S $ $ Equipment