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1. GTZ Heavy Construction has recently acquired an additional haulage truck as part of an earthmoving...

1. GTZ Heavy Construction has recently acquired an additional haulage truck as part of an earthmoving work on a hydroelectric power dam construction project. The total acquisition cost of the truck is $5 million. If the lifetime of the equipment is 10 years and the salvage value at the end of the lifetime is estimated to be $0.75 million:

Calculate the annual depreciation over its lifetime and the book value at the end of each year using the (45 pts)

Straight-line (SL)-Method;

Sum-of-the-years’-digits (SOYD) method and

Double Declining Balance (DBB) method

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