Question: please make sure the answer is correct 100% Karnes Company purchased a truck for $44,000 on January 1 st 2020. The company expected the truck

please make sure the answer is correct 100%

Karnes Company purchased a truck for $44,000 on January 1st 2020. The company expected the truck to last 4 years or 100,000 miles, with an estimated residual value of $4,000 at the end of that time.

Question: Compute the depreciation expense for 2020, 2021, 2022 under each of the following methods and insert your final answer in the table below.

a) Straight line method .

b) Unit of activities method

The miles driven during 2020, 2021 and 2022 are:

10,000 miles in 2020, 15,000 miles in 2021 and 20,000 miles in 2022.

c) Declining balance method

Insert your final answer in this table

Straight line

Unit of activities

Declining balance

Year 2020

Year 2021

Year 2022

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