Answer $14$ and $15$ based on Activity based

The company purchased a new semi$-$trailer truck for an acquisition cost of $$300,000.$ The company estimates the

truck will have a residual value of $$40,000$ when they are done driving it $400,000$ miles.

For the past three years the company used the truck as follows:

Year Activity $($miles$)$

$184,000$

$282,000$

$375,000$

Total $241,000$

$14.$ Under activity based depreciation; what is the amount of depreciation expense they would have recorded for

year $3?$ $$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

$15.$ Under activity based depreciation; what is the book value at the end of year $3?$ $$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

$16.$ $$\_\_\_\_\_\_\_\_\_\_\_$ During the first two years, the company drove the truck $98,000$ in year $1$ and $101,000$ miles in

year $2,$ to deliver merchandise to its customers. The company originally purchased the truck for $$150,000.$ If the

truck has an estimated life of $5$ years or $500,000$ miles, with an estimated residual value of $$60,000,$ what amount

of depreciation expense should the company record in the second year using the activity$-$based method?