Question 3!!!

Question 1 (5 points) In 2021, Leo construction traded in a light duty pickup truck that had a book value of $18,000. A new pickup truck having a fair market value of $58,000 was acquired. Because the vendor accepted the old truck as a trade-in, a deal was agreed, and Leo construction would pay $36,000 for the new truck. Assume the new truck has a 5-year depreciable life, and an estimated salvage value of $6,000. Using the straight-line method to tabulate the annual depreciation amounts and the book value of the pickup truck at the end of each year. Year Depreciation for Yeart Cumulative Depreciation to Yeart di 9,600 Book Value at the End of Yeart BV 44,000 t d. 1 9,600 2 9,600 19,200 34,800 3 9,600 25,200 28.800 38,400 4 9,600 15,600 5 9,600 48,000 6,000 1 Questions 3 (5 points) Rework question 1 using the sum-of-the-years-digits method. Year Depreciation for Yeart Cumulative Depreciation to Yeart d Book Value at the End of Yeart t d BV 2 3 4 5