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Sum-of-the-Years'-Digits Depreciation A small delivery truck was purchased on January 1 at a cost of $28,240. It has an estimated useful life of four years and an estimated salvage value of $5,520. Prepare a depreciation schedule showing the depreciation expense, accumulated depreciation, and book value for each year under the sum-of-the-years'-digits method. Small Delivery Truck Depreciation Schedule On January 1 Accumulated Depreciation End of Year Book Value End of Year Year Depreciable Cost x Rate%)Depreciation Expense Check My Work Fraction used in the calculation: For example (not same as in this exercise), Remaining life from beginning ofyear(3) Sum-of-the-years' (3+2+1) Dep. Exp. Depreciable Cost x 3/6 Refer to Figure 5A-2 in the text