) Calculating Depreciation (5 marks) On July 1, 2016, Sandu Trucking bought a truck for $42,000 cash. It has an estimated residual value of $6,000, and an estimated useful life of 4 years or 300,000 kilometers. The truck drove 80,000 kilometers in 2016 and 90,000 kilometers in 2017. Sandu Trucking has a December 31st year end. Required Calculate the amount of depreciation expense that Sandu Trucking should record using each of the following methods of depreciation: a. Straight-line method for 2016 (2 marks) b. Units-of-production method for 2017 (3 marks) c) Calculating Cost of Property, Plant & Equipment- Basket or Lump-Sum Purchase (6 marks) Large Construction Ltd. bought land, a building, and equipment for $1,800,000. The appraised fair market values of the newly acquired assets are: Land $600,000 Building 900,000 Eqtuipment 400,000 Determine the cost of each asset. Round to the nearest dollar if necessary