Use the following to answer questions $5-15($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. Answer $5-8$ based on Straight line depreciation

$5.$ $

Year $2$ depreciation expense

$6.$ : Book value at the end of year $2$

$7\mathrm{.}5$ Accumulated depreciation for year $3$

$8.$: Book value at the end of year $3$

Chapter $7$

Page $7-1$

Answer $9-13$ based on Double Declining Balance

$9.5$ Year $2$ depreciation expense

$10\mathrm{.}9$ Accumulated depreciation for year $2$

$11.300k$ value at the end of year $2$

$12.$ Year $3$ depreciation expense

$13.$$ Year $4$ depreciation expense