John Delivery services Ltd. is a company dedicated to the delivery of merchandises purchased online The company started the year 2019 with a total fleet of 5 cars purchased on 1* of January 2018 for a total amount of 100,000 and 3 trucks purchased on 1" of January 2017 for a total amount of 180,000C. All cars have an estimated useful life of 5 years whereas trucks have an estimated useful life of 6 years. All vehides have a salvage value of 10% of its cost. The depreciation method is the straight line method. At 1 of January 2019 the accountant of the company realized that the useful life of the trucks should be lowered to 5 years in total taking into account the intensive use made of the vehicles. In order to be able to respond to the dramatic increase of job orders from the main clients, the company decides on 1" of March to acquire 10 new trucks for a total amount of 500.000. The trucks will have a useful life of 5 years, and an estimated salvage value of 10%. The accountant of the company decided that regarding these last trucks purchased, the depreciation method should be the 200% declining balance method. To finance this acquisition, the company will issue 50.000 preferred stocks with 10 par value and 11% dividend rate. 1. Calculate the depreciation expense of the cars and trucks of the company for the year 2019. Explain your answers as well as the differences between the two methods used by the company, and how the new method of depreciation decided by the accountant will affect the net income of the company for the year 2019, and over the total useful life of the assets. (20points)