Penny Corp. purchased a new car on March 1, 2023 for $25,000. The estimated useful life of the car was five years or 500,000kms. Estimated residual value was $5,000. The car was driven 120,000kms. in 2023 and 150,000 kms. in 2024. Penny Corp.'s year end is December 31. Required: a. Applying the half-year rule, calculate depreciation for 2023 and 2024 using i. The straight-line method Exercises 343 ii. Units-of-production method iii. Double-declining-balance method b. Assuming Penny Corp. calculates depreciation to the nearest whole month, determine depreciation for 2023 and 2024 using i. The straight-line method ii. Units-of-production method iii. Double-declining-balance method