30 points 1 ellook Check my work Delivery Service Express (DSE) has a fleet of trucks...

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30 points 1 ellook Check my work Delivery Service Express (DSE) has a fleet of trucks and specializes in the delivery of refrigerated foods. The warehouse manager purchased a delivery truck for $240,000. Part of the job of the Chief Financial Officer (CFO) is to depreciate the delivery truck over its estimated useful life. The CFO is considering three depreciation methods: activity-based, straight-line, and double-declining-balance. The CFO has plotted depreciation each year (left graph) using an estimated five-year useful life. The right graph shows the accumulation of depreciation each year for each method. Depreciation Each Year by Method Print $120,000 References $100,000 $80,000 $60,000 $40,000 $20,000 $0 Year 1 2 3 Click here to open the graphis) in a new tab Accumulated Dep $250,000 $200,000 $150,000. $100,000 Method 11 --Method 2 $50,000 -Method 3 $0 Year 1 $250,000 $200,000 $150,000 $100,000 $50,000 Accumulated Depreciation Each Year by Method $200,000 $0 Year 1 2 3 5 Method 1 Method 2 Method 3 Click here to open the graph(s) in a new tab. Required: Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 3 Req 4 Req 5A Req 5B ces Which method is depicted by each option: Method 1: Method 2:1 Method 3: Req 2A > Click here to open the graph(s) in a new tab. Required: Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 3 Req 4 Req 5A Req 58 ces Which depreciation method results in the most depreciation in the first year of the truck's five-year useful life? Straight-line Activity-based ODouble-declining-balance They are all equal < Req 1 Req 2B > Click here to open the graph(s) in a new tab. Required: Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 3 Req 4 Req 5A Req 5B Which depreciation method results in the same amount of depreciation each year? Straight-line OActivity-based Double-declining-balance They are all equal < Req2A Req 3 > Click here to open the graph(s) in a new tab. Required: Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 28 Req 3 Req 4 Req SA Req 5B Which depreciation method results in the most accumulated depreciation by the end of the truck's five-year useful life? Straight-line Activity-based ODouble-declining-balance They are all equal Click here to open the graph(s) in a new tab. Required: Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 3 Req 4 Req 5A Req 5B What is the truck's estimated residual value (Hint: Recall the purchase cost of the truck is $240,000)? Estimated Residual Value Required: Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 3 Req 4 Req 5A Req 5B By the end of Year 2, Accumulated Depreciation under Method 1 is $80,000. What would be the reported book value of the truck at that time? Book value < Req 4 Req 58 > Required: Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 3 Req 4 Req 5A Req 5B If the CFO instead uses Method 3, Accumulated Depreciation by the end of Year 2 would be $153,600. What would be the reported book value of the truck at the end of Year 2 using Method 3? Book Value 30 points 1 ellook Check my work Delivery Service Express (DSE) has a fleet of trucks and specializes in the delivery of refrigerated foods. The warehouse manager purchased a delivery truck for $240,000. Part of the job of the Chief Financial Officer (CFO) is to depreciate the delivery truck over its estimated useful life. The CFO is considering three depreciation methods: activity-based, straight-line, and double-declining-balance. The CFO has plotted depreciation each year (left graph) using an estimated five-year useful life. The right graph shows the accumulation of depreciation each year for each method. Depreciation Each Year by Method Print $120,000 References $100,000 $80,000 $60,000 $40,000 $20,000 $0 Year 1 2 3 Click here to open the graphis) in a new tab Accumulated Dep $250,000 $200,000 $150,000. $100,000 Method 11 --Method 2 $50,000 -Method 3 $0 Year 1 $250,000 $200,000 $150,000 $100,000 $50,000 Accumulated Depreciation Each Year by Method $200,000 $0 Year 1 2 3 5 Method 1 Method 2 Method 3 Click here to open the graph(s) in a new tab. Required: Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 3 Req 4 Req 5A Req 5B ces Which method is depicted by each option: Method 1: Method 2:1 Method 3: Req 2A > Click here to open the graph(s) in a new tab. Required: Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 3 Req 4 Req 5A Req 58 ces Which depreciation method results in the most depreciation in the first year of the truck's five-year useful life? Straight-line Activity-based ODouble-declining-balance They are all equal < Req 1 Req 2B > Click here to open the graph(s) in a new tab. Required: Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 3 Req 4 Req 5A Req 5B Which depreciation method results in the same amount of depreciation each year? Straight-line OActivity-based Double-declining-balance They are all equal < Req2A Req 3 > Click here to open the graph(s) in a new tab. Required: Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 28 Req 3 Req 4 Req SA Req 5B Which depreciation method results in the most accumulated depreciation by the end of the truck's five-year useful life? Straight-line Activity-based ODouble-declining-balance They are all equal Click here to open the graph(s) in a new tab. Required: Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 3 Req 4 Req 5A Req 5B What is the truck's estimated residual value (Hint: Recall the purchase cost of the truck is $240,000)? Estimated Residual Value Required: Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 3 Req 4 Req 5A Req 5B By the end of Year 2, Accumulated Depreciation under Method 1 is $80,000. What would be the reported book value of the truck at that time? Book value < Req 4 Req 58 > Required: Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B Req 3 Req 4 Req 5A Req 5B If the CFO instead uses Method 3, Accumulated Depreciation by the end of Year 2 would be $153,600. What would be the reported book value of the truck at the end of Year 2 using Method 3? Book Value