a On July 1, 2020, Molly's Greenhouse purchased a new delivery truck for $149,000. 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 350,000 kilometres and a residual value of $9,000. Molly's Greenhouse has a December 31 year end. Molly drove the truck 20.000 km in 2020:57,000 km in 2021; 58,000 in 2022; 55,000 in 2023, and 161,000 in 2024. (a) Prepare depreciation schedules for the life of the asset under the following depreciation methods: 1. 1 straight-line method 2. double-diminishing-balance, and 3. units-of-production method (Round depreciable amount per unit to 2 decimal places, eg. 5.27 and the final answers to decimal places, eg. 5,276.) 1. STRAIGHT-LINE METHOD Depreciable Amount Depreciation Rate Fraction x of a Year = Depreciation Expense Year Truck 2020 $ % 6/12 $ 2021 % 2022 % 2023 2024 % 2025 % % 6/12 2. DOUBLE-DIMINISHING-BALANCE METHOD - Depreciable Amount Depreciation Rate x Year Fraction of a Year = Depreciation Expense X Vehicles 2020 $ $ % 6/12 2021 % 2022 % 2023 % 2024 % 2025 % 6/12 3. UNITS-OF-PRODUCTION METHOD - No. of Units Depreciation Amt/Unit Depreciation Expense Accum Depre! Year Vehicles 2020 $ $ $ 2021 2022 2023 2024 e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit