Type of car: Porsche Cost of Car: $78,100 Useful Life: 5 years Residual Value: $3,100 Estimated Miles: 100,000 Miles by Year: Year 1:28,000 Year 2:35,000 Year 3:25,000 Year 4:12,000 STRAIGHT-LINE DEPRECIATION Depreciation Expense Accumulated Depreciation Carrying Value Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 DOUBLE DECLINING BALANCE Depreciation Expense Accumulated Depreciation Carrying Value Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 UNITS OF PRODUCTION METHOD Depreciation Expense Accumulated Depreciation Carrying Value Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7