Balco Ltd Veggie itd, an organic vegetable producer, purchased a delivery truck on July 1, 2011, at a cost of $410,000. The company estimated that the truck will have a residual value of $10,000. The truck is expected to be driven 500,000 km during its 10-year life. In agricultural market, the production depends on the weather and varies a lot. The company has a December 31 year end. Instructions (a) Calculate depreciation for 2011 and 2012 under the straight-line method The depreciation of 2011 is 40,000 The depreciation of 2012 is 40,000 (b) Calculate depreciation for 2011 and 2012 under the diminishing-balance method using double the straight- line rate The depreciation of 2011 is 82,000 The depreciation of 2012 is 65,600 (c) Calculate the depreciation expense under the units-of-production method, assuming the actual distance driven was 44,800 km for 2011, and 60,300 km for 2012. The depreciation of 2011 is 35,840 The depreciation of 2012 is 48,240 (d) Which method results would you recommend in this situation? Write (1) for straight-line method, (2) for diminishing-balance method, (3) for units-of-production method or (4) for all methods