A Company Paid $17,000 for a Vehicle That Had an Estimated

Essay

A company paid $17,000 for a vehicle that had an estimated useful life of 4 years,total capacity of 100,000 miles,and a residual value of $1,000.After 2 full years of using the vehicle (20,000 miles in Year 1 and 27,000 miles in Year 2),the company sold the vehicle for $6,000 and reported a loss on disposal of $3,480.
Required:
Determine the method of depreciation that was used by the company.(Show your work using all three methods. )