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On July 1, 2023, Buffalo's Greenhouse purchased a new delivery truck for $110,000. She paid $20,000 cash and signed a promissory note for the remainder.

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On July 1, 2023, Buffalo's Greenhouse purchased a new delivery truck for $110,000. She paid $20,000 cash and signed a promissory note for the remainder. Buffalo estimates that the delivery truck will have a five-year useful life, or 125,000 kilometres and a residual value of $10,000. Buffalo's Greenhouse has a December 31 year end. Buffalo drove the truck 10,000km in 2023; 28,000 km in 2024; 29,000 in 2025;28,000 in 2026, and 31,000 in 2027. Prepare a depreciation schedule for the life of the asset under each of the following methods: 1. straight-line method 2. double diminishing-balance, and 3. units-of-production method (Round depreciable amount per unit to 2 decimal places, e.g. 5.27 and the final answers to 0 decimal places, e.8. 5.276 . The depreciation rate in the table below is the rate prior to any required pro-ration.) 1. STRAIGHT-LINEMETHOD 1.STRAIGHT-LINE METHOD 2. DOUBLE DIMINISHING-BALANCE METHOD 3.UNITS-OE-PRODUCTIONMETHOD 3. UNITS-OF-PRODUCTION METHOD

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