Question $7$

Raptor Candles purchases a delivery truck on January $1$st$,2018.$ Use the following parameters to answer the question. Round all answers to the

nearest dollar and use the following number format: $12345.$ No commas, no dollar signs, no decimals.

Depreciation Parameters

Original cost

Estimated Useful life

Salvage Value

Using double$-$declining$-$balance method for depreciation, calculate the depreciation expense for the year $2018.$ Note that this is the first year of

operation. Round all answers to the nearest dollar and use the following number format: $12345.$ No commas, no dollar signs, no decimals.

Using the double$-$declining$-$balance method for depreciation, calculate the book value of the machinery at the end of $2018($December $31,2018).$

Note that this is after the first year of operation. Round all answers to the nearest dollar and use the following number format: $12345.$ No commas,

no dollar signs, no decimals.

Using double$-$declining$-$balance method for depreciation, calculate the depreciation expense for the year $2019.$ Note that this is the second year of

operation. Round all answers to the nearest dollar and use the following number format: $12345.$ No commas, no dollar signs, no decimals.