Use the following to answer questions 5 - 15 (Straight Line, 150% declining balance and Activity Based) T Transport purchased a new semi-trailer truck for an acquisition cost of $500,000. The company estimates the truck will have a residual value of $45,000 when they are done using it at the end of 6 years or about 500,000 miles Answer 5 - 8 based on Straight line depreciation 5. 5. 6. $ Year 2 depreciation expense (rounded to nearest dollar) Book value at the end of year 2 (rounded to nearest dollar) Accumulated depreciation for year 3 Book value at the end of year 3 7.5 8.5 Daca Den 7.1 Charter 7 determine IoT Assume the company had a love.. o place) Answer 9 - 13 based on 150% Declining Balance 9. $ 10. $. 11. $ Year 2 depreciation expense Accumulated depreciation for year 2 Book value at the end of year 2 Year 3 depreciation expense (round to nearest dollar) Year 4 depreciation expense (round to nearest dollar) 12. $. 13. $