M7 1 COMPREHENSIVE PROBLEM 1 Part 1: The Pablo Paving Company purchased a new dump truck for $125,000 at the beginning of Year 1. It is estimated that the residual value will be $15,000 and have a useful life of 5 years. Prepare a depreciation schedule using each of the 4 methods 3 Round %s to 2 decimal places 5 Method Straight-line Depreciabl e Cost = Depreciatio n Expense Accumulated Depreciation End of Year Book Value End of Year Year Rate 16 Method: Sum-of-the-Years'-Digits Depreciabl e Cost = Depreciatio n Expense Accumulated Depreciation End of Year Book Value End of Year Year Rate 19 20 23 25