Use the information in the table to calculate the depreciation for the Equipment and the Truck for the first 5 years. The truck was sold at the end of the 3rd year for $7,000. Depreciation Salvage Asset Life Cost Method Value Double Equipment 5 years $ 10,000 $120,000 Declining 100,000 Units of Activity Truck Miles 5,000 25,000 (Output) 1. Use the Double Declining Method to calculate the Depreciation Rate: Equipment % 2. Use the Units of Activity to calculate the Depreciation Rate to the nearest cent: Truck Equipment: Denreriation Type here to search Accumulated