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Question 6 (10 marks) Busy Bee Truck lines uses the unit-of-production method in depreciating its heavy duty truck On 1 July 2017 it purchased a

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Question 6 (10 marks) Busy Bee Truck lines uses the unit-of-production method in depreciating its heavy duty truck On 1 July 2017 it purchased a new truck at a cost of $810,000. The residual value is expected to be $10,000. Over its 3-year useful life, the truck is expected to be driven 100,000 kilometres. Required: 1. Prepare a depreciation schedule assuming the actual distance travelled were as follows. Year end 30 June 2018: 45,000 kin's Year end 30 June 2019: 35,000 km's Year end 30 June 2020: 20,000 km's [Answer and show workings here) I 2. Prepare the adjusting journal entries to record depreciation for the year ended 30 June 2018 (Answer and show workings here)

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