Question 3 (15 Marks) Lester Company purchased a vehicle on March 14th, 2021 to use as a deliver truck. The company did not put the truck into use until April 1st because it needed $5,000 of repairs to get it into running condition. The truck was purchased for $60,000 and the company needed to pay an additional $5,000 of freight charges to get the vehicle to their location. The company uses the rule on asset acquisition and disposal. Calculate depreciation expense for the year ending 2021 and 2022 under the follow methods: 1. Straight-Line (useful life 10 years and estimated salvage value 10,000) 2. Double Declining Balance 3. Units of production. (Total estimated kilometers 300,000, Driven: 2021 10,000kms, 2022 30,000kms) 2 Page