Problem VII - Depreciation Methods (15 points) The following information is available for BC&TL Company, which has an accounting year-end of December 31, 2016. 1. A delivery truck was purchased on June 1, 2015, for $50,000. It was estimated to have a $5,000 salvage value after being driven 100,000 miles. During 2016, the truck was driven 30,000 miles. The units-of-activity method of depreciation is used. 2. A building was purchased on January 1, 1979, for $8.800,000. It is estimated to have a $80,000 salvage value at the end of its 40-year useful life. The straight-line method of depreciation is being used. 3. Store equipment was purchased on January 1, 2015, for $90,000. It was estimated that the store equipment would have a $9,000 salvage value at the end of its 5-year useful life. The double-declining-balance method of depreciation is being used. Instructions Complete the table shown below by filling in the appropriate amounts and show computations supporting your answers. Accumulated Depreciation 1/1/16 Depreciation Expense for 2016 Book Value at 12/31/16 Assets $ $ Delivery truck $ 12,500 $ $ $ Building $8,066,000 $ $ $ 36,000 Store equipment THE END