Question 1 (5 points) In 2021, Leo construction traded in a light duty pickup truck that had a book value of $18,000. A

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Question 1 5 Points In 2021 Leo Construction Traded In A Light Duty Pickup Truck That Had A Book Value Of 18 000 A 1 (68.95 KiB) Viewed 47 times

Question 1 (5 points) In 2021, Leo construction traded in a light duty pickup truck that had a book value of $18,000. A new pickup truck having a fair market value of $58,000 was acquired. Because the vendor accepted the old truck as a trade-in, a deal was agreed, and Leo construction would pay $36,000 for the new truck. Assume the new truck has a 5-year depreciable life, and an estimated salvage value of $6,000. Using the straight-line method to tabulate the annual depreciation amounts and the book value of the pickup truck at the end of each year. 9600 Cumulative Depreciation for Book Value at the Year Yeart Depreciation to End of Yeart Yeart d. di BV aboo 444 .. 2 9 bo 19200 34 800 3 960o 28800 25200 9600 384.0 isboo 9600 48000 bood 15 abou book vaine 360oo. Question 2 (5 points) Rework question I using declining balance method when R=2/N (200% declining balance method) 3 4 S 54... s Book Value at the End of Yeart Depreciation for Yeart Year Cumulative Depreciation to Yeart di d t BV 1 2 3 4 n