Use the following facts to answer the questions below. Beerbo purchased a truck for $41,000 cash Beerbo expects to use the truck for 5 years (or 100,000 miles) At the end of its useful life, Beerbo expects to sell the truck for $1,000 cash In the first year of use, Beerbo drove the truck 25,000 miles In the second year of use, Beerbo drove the truck 35,000 miles Assume Beerbo has a December 31 fiscal year-end 7.3) 98. Assuming Beerbo purchased the truck on January 1, 2020, determine the depreciation expense Beerbo would record each year under the follow methods Method Units-of-Production. Straight-Line Year 1 depreciation expense Year 2 depreciation expense 7.3) 9. Assuming Beerbo purchased the truck on January 1, 2020, determine the following balances assuming the units-of-production method was used: Truck Accumulated Depreciation Net Book Value Truck Truck End of year 1 DR or CR B DR or CR) End of year 2 DR or CRI IDR or CR 73) q10 Assuming Beerbo purchased the truck on January 1, 2020, determine the following balances assuming the straight-line method was used Truck Accumulated Depreciation Truck nd of year 1 DR or CR 3. DR or CR) End of year 2 DR or CR DR or CR Net Book Value Truck 7.3) 411. Each year that Beerbo uses its truck, accumulated depreciation [increases / decreases] and the book value (a ka net book value) of the truck [increases/decreases) Use the following facts (same as above) to answer the questions below. Beerbo purchased a truck for $41,000 cash. Beerbo expects to use the truck for 5 years. At the end of its useful life, Beerbo expects to sell the truck for $1,000 cash Assume Beerbo has a December 31 fiscal year-end 73) q12 Under step 1 of the DDB method, the straight-line depreciation rate per year is 7.3) q13 Under step 2 of the DOB method, the DOB rate is % 7.3) 14. Use the guidance from steps 3 and 4 of the DOB method to complete the chart below.