Use the following to answer questions $515($Straight Line, Double declining balance and Activity Based$)$

The company purchased a new semi$-$trailer truck for an acquisition cost of $$250,000.$ The company estimates the

truck will have a residual value of $$50,000$ when they are done using it at the end of $5$ years or about $400,000$ miles.

Answer $58$ based on Straight line depreciation

$5.$ $$\_\_\_\_\_\_\_\_\_\_$ Year $2$ depreciation expense

$6.$ $$\_\_\_\_\_\_\_\_\_\_\_$ Book value at the end of year $2$

$7.$ $$\_\_\_\_\_\_\_\_\_\_\_\_$ Accumulated depreciation for year $3$

$8.$ $$\_\_\_\_\_\_\_\_\_\_\_\_$Book value at the end of year $3$