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method of depreciation is used. Vear 1 3n. 4 Puechased a ved delivery trick for 59,600 , peritig cash. Now, 2 Paid garage 5150 for miscelianeous repars to the truck. Dec. 31 Recorded degreciation on the truck for the year. The estimated useful ife of the truck is 4 year, with a residual vilue of $2,000 for the truck: Year 2 Jan. 6 Purchased a new truck for s6,000, saving cash. June 11 Pad parape 5250 for miscelaneon repairs to the truck. Oec. 31 Aecord depreciaten for the new truck. It has an estimated fevibal balue of $1,100 and en estmeted the of 5 years. Yeae 3 3ey I Rurchaned a new truck for s93,000, poping cask. Ont. 2 Seld the truck purchased Jenuary 6, wear 2, for 12,320. (hecord degreciatien to taie bo vear 3 for the truck) on estimated usetul Me of eight years. Required nearest cent