Problem #1 Griffith Delivery purchased a delivery truck for $33,600 on January 1,2016. The truck had an estimated service life of six years or 125,000 miles, with a residual value of $1,500. During 2016 they put 12,400 miles on the truck. In year two (2017) they put 15,000 miles on the truck. On December 31, 2017 Griffith sold the truck for $25,000 1. Record the purchase of the truck on January 1, 2016 Account Debit Credit 2. If Griffith used the double-declining balance method of depreciation, determine the following Annual Depreciation Expense Book Value lotal accumulated Date 12/31/2016 12/31/2017 Depreciation 3. If Griffith used the activity-based method of depreciation, determine the following Annual Depreciation Expense Total accumulated Depreciation Book Value Date 12/31/2016 12/31/2017 4. Record the sale of the truck on December 31, 2017, assuming Griffith had used the straight-line method of depreciatioin Account Debit Credit