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Use the following to answer questions 5 1 5 ( Straight Line, Double declining balance and Activity Based ) The company purchased a new semi

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 $300,000. The company estimates the
truck will have a residual value of $40,000 when they are done using it at the end of 5 years or about 400,000 miles 9. $__________ Year 2 depreciation expense
10. $____________ Accumulated depreciation for year 2
11. $____________Book value at the end of year 2
12. $__________ Year 3 depreciation expense
13. $__________ Year 4 depreciation expense

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