On January 2, Year 1, Jones Corporation purchased a truck for $39,000. The truck has a 5-year estimated life and a $4,000 estimated salvage value. Jones expects to drive the truck 100,000 miles during its useful life. Prepare the depreciation schedule for year 1 through year 5 using each of the following depreciation methods; Straight-line method, 200 declining balance method, and sum-of-years-digits method. You have to construct the depreciation schedules to answer this question.

	* You may use the templates given below to answer the questions. Or, you may answer using our own templates.
1. S-L method
	Depreciation Basis	Depreciation Exp.
Year 1
Year 2
Year 3
Year 4
Year 5
Total
2. 200 declining balance method
	Straight Line Rate (S-L Rate)
	Declining Balance Rate (DB Rate)
	Beg NBV	DB-rate	Depreciation Exp.	End NBV
Year 1
Year 2
Year 3
Year 4
Year 5
3. Sum-of-years-digits method
	Depreciation Basis	Years to the end of Year 5	Depreciation Expenses
		Sum-of-Years-Digits
Year 1
Year 2
Year 3
Year 4
Year 5