1 company A purchased a vehicle for $93,810 on Jul 1 2014, their year end is jun 30th It will have a residual value of $23,000 and a useful life of 6 years a) using the straight line method, create the entries for depreciation for the first and third years. (2 SEPARATE ENTRIES) Date Description DR CR b) using the straight line method, what is the next book value of the assets at the end of year Year vehicle 4 Acc. Depreciation Net book value vehicle c) For the same piece of equipment listed above, use the double declining balance method to fill out the table below useful life = 6 years depreciation rate per year = Round depreciation rate to 1 decimal Place (Remember to multiply by 2) Year opening balance Deprectiaion expense Round Dollar values to 2 decimal Places Acc. To date NBV 1 2 3 4 5 6 d) using the information above create the journal entry for year 2 and year 5 to record depreciation Date year 2 year 5 Description DR CR $23,000 4 4 marks 3 marks 6 marks 4 marks