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3. Fill in the following blank spaces of the schedule of a truck's annual depreciation expense of a firm. The depreciation method applied is
3. Fill in the following blank spaces of the schedule of a truck's annual depreciation expense of a firm. The depreciation method applied is units of production. The truck was bought on 1st July 2021. Other relevant data as follows: Cost of purchase: $60,000 Residual value: $10,000 Potential full capacity of operation: 220,000 kilometers Operational data: year 1 (70,000 km), year 2 (55,000 km), and year 3 (50,000 km) Schedule of annual depreciation Depreciation cost per/km: $ Annual expenses allocated ($) 30/6/2024 Depreciation Units used base ($) (km) Date 1/07/2021 $60,000 30/06/2022 $................. 30/6/2023 $ 55,000 km $................ Accumulated depreciation ($) $................ $.. $. $................. $... $... Note: Every correct answer is awarded with 3 marks (1.5 x 16 = 24 marks) Carrying value ($) $........... $..... $. $.. (24 marks)
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