Question 3 4 pts On January 1, 2017, we purchased a truck for $60,000. The truck has a useful life of 5 years and a residual value of $5,000. The truck is depreciated using the straight-line method. What is the book value after the adjusting entry for 2018 (Year 2)? $38,000 $36,000 o $33,000 o $32,000 Question 4 4 pts On January 1, 2017, we purchased a truck for $60,000. The truck has a useful life of 5 years and a residual value of $5,000. The truck is depreciated using the double-declining balance method. What is the depreciation expense for 2017? o $24,000 $22,000 $12,000 o $11,000