2ope imousine has recently incorporated, and purchased a fleet of limousines that it will rent to it's customers. The fleet cost $1,800,000. Knope Limousine is deciding whether they will use declining balance depreciation or units-of-production depreciato las Knope Limousine expects the vehicles to have useful lives of 3 years, and a salvage value of $50,000. The vehicles are expected to last 250,000km, of which 150,000km would be used in the first year, 75,000km in the second year, and 25,000km in the third. Pr a) Assume that the vehicles were purchased on January 1, 2022, and that Knope Limousine has a December 31 year end. Prepare the depreciation table for the life of the vehicle assuming that a double-declining-balance method is used. Prepare the journal entry to record the full depreciation for the second year. b) Assume that the vehicles were purchased on January 1, 2022, and that Knope Limousine has a December 31 year end. Prepare the depreciation table for the life of the vehicle assuming that a units-of-production method is used. Prepare the journal entry to record the full depreciation for the second year. c) What impact does the selection of depreciation method have on Knope Limousine's cash flow? Briefly explain