CP 9-5 Penny Corp. purchased a new car on March 1, 2019 for $25,000. The estimated useful life of the car was five years or 500,000 kms. Estimated salvage value was $5,000. The car was driven 120,000 kms. in 2019 and 150,000 kms. in 2020. Required: Calculate the depreciation for 2019 and 2020 using 1. The straight-line method 2. Usage method (kms.) 3. Double-declining balance method. P9-6 Roberto Trucks Inc. purchased a delivery van on January 1, 2018. Assume this was the company's only capital asset. The following information is available. CostEstimated useful life Salvage value $2,000 $11,000 4 years or 75,000 kms. The truck was driven 20,000 km in 2018. Required: 1. Calculate the depreciation for 2018 under each of the following methods: a. Usage b. Straight-line c. Double-declining balance Compare the depreciation expense and carrying amount for 2018 under each of these methods. 2. 3. If one of management's objectives is to maximize 2018 net income, what method should be adopted