Sheridan Company purchased a truck for $79,000. The company expected
the truck to last four years or 120,000 miles, with an estimated residual
value of $12,000 at the end of that time. During the second year the truck
was driven 45,000 miles. Compute the depreciation for the second year
under each of the methods below and place your answers in the blanks
provided.
Units-of-activity
Double-declining-balance