Canada Ltd purchased a vehicle costing $$52000.$ It is expected to have a residual value of $$12000$ at the end of its useful life of $4$ years or $200000$ kilometres.

Required

A$.$ Assume the vehicle was purchased on $1$ July $2022$ and that the accounting period ends on $30$ June. Calculate the depreciation expense for the year $202122$ using each of the following depreciation methods:

$1.$ straight$-$line

$2.$ units of production $($assume the van was driven $78000$ kilometres during the financial year$).$

$1.$ Straight line

$2.$ Units of production