Question 1 \begin{tabular}{|l|l|r|r|r|} \hline company A purchased a & vehicle & for & $93,810 & on Jul 12014, their year end is jun 30th \\ \hline It will have a residual value of & & $23,000 & & \\ \hline and a useful life of & 6 & years & & \\ \hline \end{tabular} a) using the straight line method, create the entries for depreciation for the first and third years. (2 SEPARATE ENTRIES) b) using the straight line method, what is the next book value of the assets at the end of year 4 \begin{tabular}{|l|l|l|l|} \hline Year & \multicolumn{2}{|c|}{4} & \\ \hline \multicolumn{2}{|l|}{ vehicle } & \\ \hline & Acc. Depreciation & vehicle & \\ \hline Net book value & & & \\ \hline \end{tabular} c) For the same piece of equipment listed above, use the double declining balance method to fill out the table below useful life = 6 years depreciation rate per year = Round depreciation rate to 1 decimal Place (Remember to multiply by 2 ) Round Dollar values to 2 decimal Places d) using the information above create the journal entry for year 2 and year 5 to record depreciation