It's three months before the end of the financial year and Leo Marvin, owner and operator of Marv's Trucking, has just purchased a new truck for his cattle and hay hauling business. Cost incurred are as indicated below:

0 Costs incurred - X Dealer charge $ 230,000 Installation of GPS, safety devices, etc. 2,620 Delivery charges 2,700 Import taxes 5,400 Fuel cost (first fill-up) 650 (a) Marv's straight line depreciation expense for the current year is i. (b) Show how Marv's truck will appear on the balance sheet after 15 months use. Truck at cost ii. Less: Accumulated depreciation iii. iv. Fill in the missing values of i ii, iii, iv