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SHp games a suggested Sites (2) [ Suggested Sites(3) Articles Eric Bollin 3 pts Use the following information to answer these questions On January 1,

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SHp games a suggested Sites (2) [ Suggested Sites(3) Articles Eric Bollin 3 pts Use the following information to answer these questions On January 1, our company purchased a truck for $95.000. The estimated usetul ife of the truck is 5 years. The residual value at the end of 5 years is estimated to be $15,000. What is the depreciation expense for the second year ot use t we ose the doubie decining balance method? Select 1 What is the balance in accumulated depreciation at the end of the second year of use if we use the double-declining balance method? I Select ] What is the book value at the end of the second year of use if we use the double-declining balance method? Select Question 33 1 pts On January 1 of the current year (Year 1), our company acquired a truck for $75,000. The estimated useful life of the truck is 5 years or 100,000 miles. The residual value at the end of 5 years is estimated to be $5,000. The actual mileage for the truck was 22,000 miles in Year 1 and 27,000 miles in Year 2. What is the balance in the accumulated depreciation account at the end of the second year of use after the adjusting entry if we use the units of production method? $15,400 $18.900 $34.300

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