Question 4 (1.5 points) Bacus Wine Shop acquired a delivery truck for $66,000 with an expected useful life of 5 a $6,000 expected terminal value. Required: (Solve this exercise on the ANSWER SHEET) years and a. Prepare a tabular comparison of the annual depreciation and book value for each year under straight-line and Double Declining Balance depreciation (0.5 points) b. Assume straight-line depreciation is used. 3 years after the purchase, and after driving the truck less than expected, Bacus decided to change the useful life from 5 depreciation expense for year 4. (0.5 points) years to 8 years. Calculate c. Assume Bacus chooses the straight-line method with a useful life of 5 years and a residual value of $6,000. What would be the journal entry if Bacus sells the truck for $35,000 (cash) after 3 years? (0.5 points) Note: Points b. and c. are independent questions. You can ignore b. for solving c. and you can ignore c. for solving b.