Canada Ltd purchased a vehicle costing $52 000. It is expected to have a residual value of $12 000 at the end of its useful life of 4 years or 200 000 kilometres. Required A. Assume the vehicle was purchased on 1 July 2019 and that the accounting period ends on 30 June. Calculate the depreciation expense for the year 2019-20 using each of the following depreciation methods: 1. 2. straight-line units of production (assume the van was driven 78 000 kilometres during the financial year). 4