Saticoy Corporation purchased a truck for $50,000
January 10th, 2018
Saticoy Corporation purchased a truck for $50,000. The company expected the truck to last five years or 100,000 miles, with an estimated residual value of $5,000 at the end of that time. During the second year, the truck was driven 23,000 miles.Compute the depreciation for the second year under each of the following methods:(a) straight-line,(b) production, and(c) double-declining-balance. (Show your work.)