Consider Following Information: Cost Expected Salvage value Estimated useful life in years Estimated useful life in miles Date of purchase 165000 5000 5 90000 Jan 01 2012 Years 2012 2013 2014 Miles Used 21000 14000 17000 Years 2015 2016 Miles Used 20000 18000 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