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Crafters Corp. purchased a new car on October 1 , 2 0 2 3 , for $ 1 0 1 , 0 0 0

Crafters Corp. purchased a new car on October 1, 2023, for $101,000. The estimated useful life of the car was 10 years or 500,000 kilometers. Estimated residual value was $6,000. The car was driven 15,000 kilometers in 2023.Required: Assuming Crafters Corp. calculates depreciation to the nearest whole month, determine depreciation expense for the year ended December 31, 2023, using each of the following methods:(Round intermediate calculations to 3 decimal places and your final answer to 2 decimal places where applicable.) Show all of your calculations.* Units-of-production* Double-declining balance
 

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