PLEASE NOTE: All dollar amounts will be rounded to whole dollar amounts with "\$" and commas as needed (i.e. \$12,345). [HINT - You may want to use the EXCEL spreadsheet I gave you in the Module.] Montello Inc. purchases a delivery truck for $15,000. The truck has a salvage value of $3,000 and is expected to be driven for eight years. Montello uses the straight-line depreciation method. - Calculate the annual depreciation expense. - What is the year one book value? Montello Inc. purchases a delivery truck for $15,000. The truck has a salvage value of $3,000 and is expected to be driven for 120,000 miles. Montello uses the units-of-production depreciation method and in year one it expects to use the truck for 13,000 miles. - Calculate the year one depreciation expense. - What is the year one book value? Montello Inc. purchases a delivery truck for $15,000. The truck has a salvage value of $3,000 and is expected to be driven for eight years. Montello uses the double-declining-balance depreciation method. - Calculate the year one depreciation expense. - What is the year one book value? PLEASE NOTE: All dollar amounts will be rounded to whole dollar amounts with "\$" and commas as needed (i.e. \$12,345). [HINT - You may want to use the EXCEL spreadsheet I gave you in the Module.] Montello Inc. purchases a delivery truck for $15,000. The truck has a salvage value of $3,000 and is expected to be driven for eight years. Montello uses the straight-line depreciation method. - Calculate the annual depreciation expense. - What is the year one book value? Montello Inc. purchases a delivery truck for $15,000. The truck has a salvage value of $3,000 and is expected to be driven for 120,000 miles. Montello uses the units-of-production depreciation method and in year one it expects to use the truck for 13,000 miles. - Calculate the year one depreciation expense. - What is the year one book value? Montello Inc. purchases a delivery truck for $15,000. The truck has a salvage value of $3,000 and is expected to be driven for eight years. Montello uses the double-declining-balance depreciation method. - Calculate the year one depreciation expense. - What is the year one book value