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Swifty Corporation purchased a truck for $75,500. The company expected the truck to last four years or 100,000 miles, with an estimated residual value of

image text in transcribed Swifty Corporation purchased a truck for $75,500. The company expected the truck to last four years or 100,000 miles, with an estimated residual value of $10,000 at the end of that time. During the second year the truck was driven 42,000 miles. Compute the depreciation for the second year under each of the methods below and place your answers in the blanks provided. Units-of-activity $ Double-declining-balance $

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