1. Schumacher Motors purchases a vehicle on 01 July 2018 at $120 000. The vehicle has a useful life of 4 years and a depreciation rate of 25% per annum. a. Calculate depreciation expense for the years ending 31 December 2018 b. What was the carrying value of the vehicle at year end 31 December 2018

2.Rayan Motors purchases a vehicle on 01 April 2020. On 31 December 2020 you will be calculating depreciation. How many months will you depreciate the vehicle for?