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.)

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The Answer of 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.)

Saticoy Corporation Purchased a Truck for $50,000