Use the following to answer questions 515 (Straight Line, Double declining balance and Activity Based) The company purchased a new semi-tralier 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 milles. Answer 58 based on Straight line depreciation 5. 5 Year 2 depreciation expense 6. 5 Book value at the end of year 2 7.5 Accumulated depreciation for year 3 8,5 Book value at the end of year 3 Chapter 7 Page 7-1