Pena Limited purchased another vehicle on 1st July 2022 that will only be used for loading purpose. The loading vehicle cost $52 000. The delivery vehicle is expected to have a residual value of $12 000. The company estimated the useful life of the delivery vehicle to be 5 years or 200 000 kilometers. Assume that the financial year for Pena Limited ends on 30th June 2023. The delivery van was driven 80 000 kilometers for the financial year. REQUIRED: Calculate the depreciation expense for the delivery vehicle for the year ending 30th June 2023 using each of the following depreciation methods: . Diminishing Balance Method ii. Units of Use Method iii. Sum of Digits iv. Straight Line Method |