The Dwyer Company purchased a truck for their business at a cost of $46 000. The truck has a useful life of 5 years or 100 000 miles. The salvage value is $6 000. Based on this information calculate the deprecation for each year using straight-line the units of production and the double declining method. The truck was driven:Year 1: 15 000 milesYear 2: 20 000 milesYear 3 40 000 milesYear 4: 13 000 milesYear 5: 12 000 miles.
