USETHIS DATA FOR ALL QUESTIONS:

The company purchased a fleet of mowae for $$300,000$ and they estimated the residual value to be $$31,200$ at the end of the estimated service life of $8$ years.

For Straight$-$line depreciatian method:

Determine Book value at the end of year $3$

For Double declining balance depreciation method:

$2.$ Determine depreciation expense for year $2$

$3.$ Determine depreclation expense for year $3$

$$

$$

For Activity based depreciation method:

Management estimated the machine's service life would be $224,000$ hours; following is the activity for the first $3$ years:

$\backslash$table$[[$Year$,$Hoursused$],[1,27,100],[2,28,300],[3,28,100],[$Total$,83,500]]$

Determine depreciation expense for yea: $3$

Determine $800k$ value at the end of year $3$

Please answer $1-5$