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H . B C D E G On January 1, 20X4, XYZ Company purchased a...

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Accounting

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H . B C D E G On January 1, 20X4, XYZ Company purchased a truck for $120,000. The truck is expected to have an estimated useful life of 5 years or 125,000 miles, and the company estimates that it will be able to dispose of the truck at the end of its useful life for $20,000. Complete the tables below using the specified depreciation method. a) Straight-line Accumulated Depreciation Book Value After Year's Depreciation Depreciation Expense Year 20X4 Computation 120,000-20,000/5 20X5 20X6 20X7 20X8 b) Double-declining Accumulate Depreciation Book Value After Year's Depreciation Computation Depreciation Expense Year 20X4 20X5 20X6 20X7 20x8 c) Units-of-activity (Assume the truck was driven 10,000 miles, 50,000 miles, 20,000 miles, 20,000 miles, and 30,000 miles in 20X4-20X8, respectively.) Accumulated Book Value After Year's Year Computation Depreciation Expense Depreciation Depreciation 20X4 0 20X5 12 33 20X6 34 20X7 20X8 35 36 37 A Sheet1 + 100 Ready

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Accounting