Assume the following: A truck was purchased on 1/1/19 for $60,000. The truck has an estimated useful life of 10 years and $5,000 residual value. a. Book the entries (3) to record the first three years of depreciation using the straight-line method. Omit Dates
b. Book the entries (3) to record the first three years of depreciation using the double declining balance method. Omit Dates