2. Depreciation Limited purchased a truck for long-distance deliveries in Europe on 3 January 2O17. The acquisition cost of the truck amounts to l00000. The truck is expected to have a salvage value of 20000 at the end of its eight-year useful life.

Required:

(a) Create adepreciation schedule for the truck using the straight-line method.

(b) Create adepreciation schedule for the truck using the diminishing balance method.