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27) On January 1, 2025, a corporation acquired a truck for $200,000. Residual value was...

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Accounting

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27) On January 1, 2025, a corporation acquired a truck for $200,000. Residual value was estimated to be $20,000. The truck can be driven for 50,000 miles or a useful life of eight years. Actual usage of the truck was recorded as 10,000 miles for the first year and 12,000 miles for the second year. What is the depreciation expense for years 1 and 2 using 1 The urits-of-production method (Do not round your intermediate calculations.) 2. The straight-line method 3. The double-declining-balance method >

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