Question#1 A haul truck is purchased for $60000 and the owner estimates it will have a residual value $10000 at the end of 10 years. Use the straight line method to calculate Book Value on this plant item to the end of year 7. (Round your answer to the nearest whole number, e.g. $10,673.792 = 10674. Do not include the $ sign or any spaces or commas.) Answer: Question #2 Using the Declining Balance Method for depreciation calculate the book value at end year 3 for a plant item having a purchase price $160000, residual value $13000 and useful life of 8 years. (Round your answer to the nearest one hundred dollars, e.g. $10673.79 = 10700. Do not include the $ sign or any spaces or commas.)