On July 1, 2020, Mollys Greenhouse purchased a new delivery truck for $110,000. 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 200,000 kilometres and a residual value of $10,000. Mollys Greenhouse has a December 31 year end. Molly drove the truck 16,000 km in 2020; 45,000 km in 2021; 47,000 in 2022; 44,000 in 2023, and 49,000 in 2024.

4. What is the accumulated depreciation amount on December 31, 2023 under the units-of-production method?

5. What is the carrying value at the end of the life of the asset under the straight-line method?

6. How does your answer in the immediately preceding question compare to the other two methods?