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.

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

1. STRAIGHT-LINE METHOD

									End of Year
Year		Depreciable Amount		Depreciation Rate		=	Depreciation Expense		Accumulated Depreciation		Carrying Amount
Truck											$
2020		$			%		$		$
2021					%
2022					%
2023					%
2024					%
2025					%

2. DOUBLE-DIMINISHING-BALANCE METHOD

									End of Year
Year		Depreciable Amount		Depreciation Rate		=	Depreciation Expense		Accumulated Depreciation		Carrying Amount
Vehicles											$
2020		$			%		$		$
2021					%
2022					%
2023					%
2024					%
2025					%