QUESTION 4 please

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 S36,000 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 Book Value at the End of Yeart d BV 2 3 4 5 Question 2 (5 points) Rework question 1 using declining balance method when R = 2/N (200% declining balance method). Year Depreciation for Yeart Cumulative Depreciation to Yeart di Book Value at the End of Yeart di BV 2 3 4 5 Questions 3 (5 points) Rework question I using the sum-of-the-years-digits method. Year Depreciation for Yeart Cumulative Depreciation to Yeart di Book Value at the End of Yeart d BV 2 3 4 5 Questions 4 (5 points) Rework question 1 using the general depreciation system (GDS) method. TABLE 11-1 Example Class lives and MACRS Property Classes IRS Asset Class Class Life years ADR MACRS Property Class (years) GOS ADS 10 6 3 4 15 22 0011 00.12 00.22 00.241 00.25 00.40 01.11 01.21 13.00 13.30 15.00 20.10 222 24.10 32.20 37.11 48.11 48.2 19.12 49.13 49.23 50.00 MO Asset Description Office furniture, fixtures, and equipment Information system computers/peripheral Automobiles, taxis Light general-purpose trucks Railroad cars and locomotive Industrial steam and electric distribution Cotton in assets Cattle breeding or dairy Offshore drilling assets Petroleum refining assets Construction assets Manufacture of grain and grain mill products Manufacture of yam, thread, and woven fabrie Cutting of timber Manufacture of cement Manufacture of motor vehicles Telephone communications assets and buildings Radio and television broadcasting equipment Electric utility nuclear production plant Electric utility steam production plant Natural gas production plant Municipal wastewater treatment plant Theme and amusement park assets 7 75 16 6 17 11 6 20 12 24 6 20 28 14 24 12.5 7 5 5 5 7 15 7 5 5 10 5 10 7 5 IS 7 15 5 IS 20 7 15 7 10 6 5 5 15 22 12 7 7.5 16 6 17 11 6 20 12 6 20 28 14 24 12.5 20-Year Property 3.750 7219 6.677 TABLE 11-3 MACRS Depreciation for Personal Property: Half-Year Convention Applicable Percentage for Property Class Recovery 3-Year 5-Year 7-Year 10-Year 15-Year Year Property Property Property Property Property 1 33.33 20.00 14.29 10.00 5.00 2 44.45 32.00 24.49 18.00 9.50 3 14.81 19.20 17.49 14.40 8.35 4 7.41 1152 12.49 11.52 7.70 5 11.52 8.93 9.22 6.93 6 5.76 8.92 737 6.23 7 8.93 6.55 5.90 8 4.46 6.55 5.90 9 6,56 5.91 10 6.55 5.90 11 3.28 5.91 12 5.90 6.177 5.713 5.285 4.888 4.522 4462 4.461 4.462 4.461 13 14 15 5.91 5.90 5.91 4462 4.461 4.462 2.95 16 17 18 4.461 4.462 4.461 4.462 4.461 2231 19 20 21 Year Depreciation for Yeart Cumulative Depreciation to Yeart Book Value at the End of Yeart BV t d di 1 2 3 4 5 6