Use the following to answer questions 5 15 (Straight Line, 180% declining balance and Activity Based)

T Transport 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 4 years or about 500,000 miles.

Answer 9 13 based on 180% Declining Balance

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