Consider Following Information: Cost 165000 Trasportation Cost 2500 Other expenses to make it ready 7500 Expected Salvage value 1500 Estimated useful life in years 5 Estimated useful life in miles 200000 Date of purchase Sunday, April 01, 2012 Years Miles Used Years Miles Used 2012 55000 2015 50000 2013 30000 2016 25000 2014 40000 REQUIREMENTS: 1. Prepare depreciation schedules for the following methods: (a) Straight Line (b) Units of activity , and (c) declining-balance using double the straight-line rate. 2. Provide journal entry for the year 2015 and 2016 and show how the truck would be reported in the December 31, 2013, balance sheet using all three methods. 3. Compare depreciation methods as to how they can effect net income & taxes of the company ?