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Question #1 Question #2 Question #3 Required: 1. Compute depreciation expense, accumulated depreciation, and book value for the first 3 years of the machine's life

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Required: 1. Compute depreciation expense, accumulated depreciation, and book value for the first 3 years of the machine's life using: a. The straight-line method. of depreciation. Irons expects the truck to run for 150,000 miles. The actual miles driven in 2023 and 2024 were 41,000 and 36,000, respectively. Required: Disposal of Fixed Asset of $3,000. Assume that Perfect had properly used the straight-line depreciation method in previous years. Required

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