I really need the correct answer for this question. * CengageNOW xO QuickBooksO Mail - Saini, Ish XYour Bookstore XO Shopping Cart xM nbox (2,693) - х Ь Answered: Atx +mbeCourse: Comp XG 8E AppsYouTubeOMaps M GmailO NewsQ TranslateO My GradesO Untitled document..2019868 X1. RE.11.12.BLANKSHEET.AL.202068 x242. EX.11.07.BLANKSHEET2. For each method, what is the book value of the machine at the end of 2019? At the end of 2020? (Round your answers to the nearest dollar.)a. Straight-line method3. EX.11.08.BLANKSHEET66| х20192020868 x244. EX.11.09.ALGOb. Sum-of-the-years'-digits method5. EX.11.13.BLANKSHEET.AL..68 x20196. EX.11.16.BLANKSHEET.AL.68 x2020c. Double-declining-balance method66| х2019202086 Xd. Activity method201986 X202068 x3. Next Level The book value of the asset in the early years of the asset's service will be higher x under an accelerated method as compared tothe straight-line method. Thev method is appropriate when the service life of the asset is affected primarily by the amount theasset is used.FeedbackCheck My Work 2 more Check My Work uses remaining.PreviousNext >Progress: 4/6 items3:13 PMP Type here to search2/9/202111 * CengageNOW xO QuickBooksO Mail - Saini, Ish XYour Bookstore XO Shopping Cart xM Inbox (2,693) - xb Answered: Atx +mbeCourse: Comp XG 8E AppsYouTube O Maps M GmailO NewsQ TranslateO My GradesO Untitled document.Chapter 11 Homework Assignment (paO eBookShow Me HowE Print Item1. RE.11.12.BLANKSHEET.AL...Depreciation for Partial PeriodsClifford Delivery Company purchased a new delivery truck for $54,000 on April 1, 2019. The truck is expected to have a service life of 5 years or2. EX.11.07.BLANKSHEET180,000 miles and a residual value of $3,000. The truck was driven 12,000 miles in 2019 and 20,000 miles in 2020. Clifford computes depreciationexpense to the nearest whole month.3. EX.11.08.BLANKSHEETRequired:4. EX.11.09.ALGO1. Compute depreciation expense for 2019 and 2020 using the following methods: (Round your answers to the nearest dollar.)a. Straight-line method5. EX.11.13.BLANKSHEET.AL...676 x20196. EX.11.16.BLANKSHEET.AL...20206,868 xb. Sum-of-the-years'-digits method20198,686 X2020$66 Xc. Double-declining-balance method201986 x2020%2486 x$d. Activity method2019$868 X202068 x2. For each method, what is the book value of the machine at the end of 2019? At the end of 2020? (Round your answers to the nearest dollar.)a. Straight-line method20192466 XCheck Mu Alad.DroviousNexteck3:13 PMP Type here to searchHi2/9/202111近

Depreciation: Depreciation is defined as a reduction in the value of assets that occurs over time as…

Depreciation for Partial Periods IKSHEET.AL.. Clifford Delivery Company purchased a new delivery truck for $54,000 on April 1, 2019. The truck is expected to have a service life of 5 years or KSHEET 180,000 miles and a residual value of $3,000. The truck was driven 12,000 miles in 2019 and 20,000 miles in 2020. Clifford computes depreciation expense to the nearest whole month. KSHEET Required: 1. Compute depreciation expense for 2019 and 2020 using the following methods: (Round your answers to the nearest dollar.) a. Straight-line method KSHEET AL.. 676 X 2019 KSHEET.AL. 2020 %24 6,868 b. Sum-of-the-years'-digits method 2019 8,686 2020 %24 66 x c. Double-declining-balance method 2019 86 2020 86 d. Activity method 2019 868 2020 68 2. For each method, what is the book value of the machine at the end of 2019? At the end of 2020? (Round your answers to the nearest dollar.) a. Straight-line method 2019 66 Check lnado Previoue