Question 3 Davis Corner starts in business on 1 January 2015 and its financial year ends on 31 December. The restaurant has bought a truck costing RM140,000 by cheque on 1 February 2015 and decided to determine its useful life of 5 years (Assume 25\% is adopted for reducing balance method) and scrap value is estimated at RM30,000. Required: a) Prepare the Schedule of Depreciation under both straight-line and reducing balance method. b) For straight line and reducing balance method, prepare a truck account and an accumulated depreciation account for next THREE (3) years