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On July 1, 2020, Molly's Greenhouse purchased a new delivery truck for $117,000. She paid a $20,000 cash and signed a promissory note for the remainder. Molly estimates that the delivery truck will have a five-year useful life, or 275,000 kilometres and a residual value of $7,000. Molly's Greenhouse has a December 31 year end. Molly drove the truck 12,000 km in 2020; 34,000 km in 2021; 35,000 in 2022; 33,000 in 2023, and 162,000 in 2024. (a) Prepare depreciation schedules for the life of the asset under the following depreciation methods: 1. straight-line method 2. double-diminishing-balance, and 3. units-of-production method Year Depreciable Amount Depreciation Rate x Fraction of a Year = X Depreciation Expense Truck 2020 $ % 6/12 $ 2021 % 2022 % 2023 % 2024 % 2025 1 % 6/12 2. DOUBLE-DIMINISHING-BALANCE METHOD