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 $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 miles. Answer 58 based on Straight line depreciation 5. S Year 2 depreciation expense 6. S Book value at the end of year 2 7. S Accumulated depreciation for year 3 8. S Book value at the end of year 3 Answer 9-13 based on Double Declining Balance 9. S Year 2 depreciation expense 10. $ Accumulated depreciation for year 2 11. S Book value at the end of year 2 12. $ Year 3 depreciation expense 13. $ Year 4 depreciation expense Answer 14 and 15 based on Activity based For the past three years the company used the truck as follows: 14. Under activity based depreciation; what is the amount of depreciation expense they would have recorded for year 3? \$ 15. Under activity based depreciation; what is the book value at the end of year 3? \$