Current Attempt in Progress Your answer is partially correct. Wildhorse Company purchased a truck for $40,000. The company expected the truck to have a useful life of four years or 136,000 kilometres, with an estimated residual value of $6,000 at the end of that time. During the first and second years, the truck was driven 25,000 and 29,000 kilometres, respectively. Calculate the depreciation expense for the second year under the straight-line, units-of-production, and double-diminishing-balance methods. Assume the purchase of the truck was made at the beginning of the first month of the first year. (Round depreciation per kilometre to 2 decimal places, e.g. 1.25 and final answers to 0 decimal places, e.g. 5,275.) Straight-line method Units-of-production method Double-diminishing-balance method $ LA CA to Year 2 Depreciation Expense 8,500 72,500 17,000

Current Attempt in Provress - Your answer is partially correct. Wildhorse Company purchased a truck for $40,000. The company expected the truck to have a useful life of four years or 136,000 kilometres, with an estimated residual value of $6,000 at the end of that time. During the first and second years, the truck was driven 25,000 and 29,000 kilometres, respectively. Calculate the depreciation expense for the second year under the straight-line, units-of-production, and double-diminishing balance methods. Assume the parchase of the truck was made at the beginning of the first month of the first year. (Round depreciation per hilometre to 2 decimal ploces, es. 1.25 and final answers to Odecimal ploces es. 5,275