Jackal Energy purchased a transport truck on January 1, 2020, for $293.700 cash. Its estimated useful life is five years or 310,000 kilometres with an estimated residual value of $51.900, Required: Calculate depreciation expense for the year ended December 31, 2020. using each of the following methods: (Do not round Intermediate calculations.) a. Straight line b. Double-declining balance c. Units-of-production (assume 40,000 kilometres were actually driven in 2020) Depreciation Expense a Method Straight line Double-declining-balance Units of production b Analysis component: Which depreciation method will produce the highest profit for Jackal in 2020 Highest profitin 2020