6 1. MID TERM FALL 2023 ACC 142 ABC Inc. purchased a truck on January 1, 2023, for $305,200 cash. Its estimated useful life is five years or 320,000 km with an estimated value of a. Straight Line b. C. Calculate depreciation expense for the year ended December 31,2023, using each of the following methods: Double declining balance Units of production (assume 30,000 km were actually driven in 2023).