4 of 5 View Policies Current Attempt in Progress -/22 On July 1, 2020, Molly's Greenhouse purchased a new delivery truck for $89,000. She paid a $20,000 cash and signed a promissory note for the remainder. Molly estimates that the delivery truck will have a five-year useful life, or 160,000 kilometres and a residual value of $9,000. Molly's Greenhouse has a December 31 year end. Molly drove the truck 16,000 km in 2020; 45,000 km in 2021; 47,000 in 2022; 44,000 in 2023, and 9,000 in 2024. (a) Prepare depreciation schedules for the life of the asset under the following depreciation methods: 1. straight-line method double-diminishing-balance, and 2. 3. units-of-production method (Round depreciable amount per unit to 2 decimal places, e.g. 5.27 and the final answers to O decimal places, e.g. 5,276.) on 4 of 5 -/22 (Round depreciable amount per unit to 2 decimal places, e.g. 5.27 and the final answers to O decimal places, e.g. 5,276.) 1. STRAIGHT-LINE METHOD Year Depreciable Amount Depreciation Rate X Fraction of a Year Truck 2020 $ 2021 2022 2023 2024 2025 a do % 6/12 $ % % do % % % DELL 6/12 Depreciation Expense B ENG 3:59 PM US 2022-07-24 Question 4 of 5 < > 2. DOUBLE-DIMINISHING-BALANCE METHOD Depreciable Year Amount Vehicles 2020 $ 2021 2022 2023 2024 2025 a H -/22 E Depreciation Rate Fraction Depreciation of a Year = Expense C % 6/12 $ % % % % % 6/12 (DELL 0 ENG US 3:59 PM 2022-07-24 Question 4 of 5 < > 3. UNITS-OF-PRODUCTION METHOD -/22 Year No. of Units Depreciation Amt/Unit Depreciation Expense Accumu Depreci Vehicles 2020 2021 2022 2023 2024 $ $ (DELL) $ < C ENG 3:59 PM US 2022-07-24 Question 4 of 5 < > 3. UNITS-OF-PRODUCTION METHOD Depreciation Amt/Unit -/22 End of Year Depreciation Expense Accumulated Depreciation Carrying Amount $ (DELL 10 ENG 3:59 PM US 2022-07-24 (b) Question 4 of 5 < - /22 eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer The parts of this question must be completed in order. This part will be available when you complete the part above. W (c) The parts of this question must be completed in order This nart will he available when you complete the part above. ENG (DELL) US 3:59 PM 2022-07-24