55. On January 1, Year 1, Meridian Construction Company purc…
55. On January 1, Year 1, Meridian Construction Company purchased a dump truck for $135,000. The dump truck is expected to have a 5-year useful life and salvage value of $15,000. Year DDB Calculations DDB Depreciation Expense BOOK VALUE @ End of Year Year 1 ? Year 2 48,600 II. Double-declining balance method.Calculate the BOOK VALUE at the end of year 1 if Meridian used the double-declining balance method.