PART A On 1 July 2014, Star Limited purchased a motor vehicle at a cost of $50,000 with an estimated useful life of 4 years or 100,000 kilometres. The residual value after 4 years was estimated to be $6,480. It had not decided yet which depreciation method should to be applied to this vehicle. The usage of the motor vehicle is estimated as follows: Year ending 30 June 2015 2016 2017 Kilometres Travelled 20,000 25,000 30,000 Ignore GST for this exercise. Required: Calculate depreciation for three years ending 30 June 2017 and Show how the asset will appear in the balance sheet as at 30 June 2017 under each of the following depreciation methods: i. Straight-line method ii. Diminishing balance method (use 40% rate of depreciation) iii. Units-of-production method Note: All calculations must be shown in support of your answer. (3 x 2 = 6 marks)