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Use the following to answer questions 515 TTransport purchased a new semi-trailer truck for an acquisition cost of $200,000. The company estimates the truck will

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Use the following to answer questions 515 TTransport purchased a new semi-trailer truck for an acquisition cost of $200,000. The company estimates the truck will have a residual value of $30,000 when they are done using it at the end of 5 years or 680,000 miles. Answer the following using the Straight-line depreciation method: 5. \$ Using Straight-line depreciation what is the book value at the end of year 3 ? 6.$ Using Straight-line depreciation what is depreciation expense for year 4 ? 7.\$ Using straight-line depreciation what is accumulated depreciation at the end of year 4 ? 8. \$ Using Straight-line depreciation what is the book value at the end of year 4 ? Using the data from the previous page Answer the following using 190% declining balance depreciation method: 9. \$ Using 190% declining balance depreciation what is depreciation expense for year 2 ? 10. $ Using 190% declining balance depreciation what is accumulated depreciation at the end of year 2 ? 11.$ Using 190% declining balance depreciation what is book value at the end of year 2 ? 12.$ Using 190% declining balance depreciation what is depreciation expense for year 3 ? 13.$ Using 190% declining balance depreciation what is depreciation expense for year 4 ? Continue to use the data from the previous page: TT Transport 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 ? $

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