CP$7--$submit in Canvas

USE THIS DATA FOR ALL QUESTIONS:

The company purchased a fleet of mowers for $$500,000$

and they estimated the residual value to be $$70,000$ at

the end of the estimated service life of $10$ years.

For Straight$-$line depreciation method:

Determine Book value at the end of year $3$

$

For Double declining balance depreciation method:

Determine depreciation expense for year $2$

$?$

Determine depreciation expense for year $3$

$

$*-$

For Activity based depreciation method:

Management estimated the machine's service life would

be $344,000$ hours; following is the activity for the first $3$

years:

Determine depreciation expense for year $3$