Answer 9-13 based on Double Declining balance 9.$_112800. Year 2 depreciation expense 10. $ 300 Accumulated depreciation for year 2 11 516921_Book value at the end of year 2 410.000-112800 12.5 13. S. Year 3 depreciation expense fround to nearest dollar) Year 4 depreciation expense fround to nearest dollar) Year Answer 14 and 15 based on Activity based T Transport used the truck as follows: Activity (miles) 83,000 2 50.000 3 78,000 79.000 5 80,000 Depreciate 14. Under activity based depreciation what is the amount of depreciation expense they would have recorded for year 3? $_81,900 Cost - RV 470,000-50,000.-(1.05 Life in miles 400,000 15. Under activity based depreciation, what is the book value at the end of year 3? $_21950 cost-Dep expense 16. S During the first two years, the company's truck was driven 65,000 in year 1 and 68,000 miles in year 2, to deliver merchandise to its customers. The company originally purchased the truck for $275,000. If the truck has an estimated life of 7 years or 450,000 miles, with an estimated residual value of $50,000, what amount of depreciation expense should the company record in the second year using the activity-based method? 17.5 The company purchased equipment at the beginning of Year 1 for $500,000. In Years 1 - 6, it depreciated the asset on a straight-line basis with an estimated useful life of 10 years and a $72,000 residual value. What is the BOOK VALUE of the equipment at the beginning of Year 7? Chapter 7 Page 7-2