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PLEASE HELP ASAP! Question 3 4 pts On January 1, 2017, we purchased a truck for $60,000. The truck has a useful life of 5

PLEASE HELP ASAP!

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Question 3 4 pts On January 1, 2017, we purchased a truck for $60,000. The truck has a useful life of 5 years and a residual value of $5,000. The truck is depreciated using the straight-line method. What is the book value after the adjusting entry for 2017? $49,000 O $48,000 O $43,000 O$42.000 Question 4 4 pts On January 1, 2017, we purchased a truck for $60,000. The truck has a useful life of 5 years and a residual value of $5,000.The truck is depreciated using the double-declining balance method. What is the depreciation expense for 2017? $24,000 O$22,000 O $12,000 O$11.000

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