Question: Use the Dynamic Exhibit to answer the following question: 1. Fill in depreciation expense in year 3 under each depreciation method when residual value is

Use the Dynamic Exhibit to answer the following question:

1. Fill in depreciation expense in year 3 under each depreciation method when residual value is $30,000 and useful life is 3 years:

Depreciation method
Straight-line
Units-of-Output
Double-declining

2. Fill in the book value at the end of year 1 under each depreciation method when residual value is $36,000 and useful life is 4 years:

Depreciation method
Straight-line
Units-of-Output
Double-declining

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