Question $6$

Hilman Company purchased a truck on January $1,2023,$ at a cost of $$52,000.$ The company estimated that the truck would have a useful life of $4$ years and a residual value of $$4,000.$

Required:

Complete the following table:

Year Depreciation Depreciation

$2023$

$2024$

$2025$

$2026$

Which of the two methods in part $1$ would result in

a$.$ Lower net income in $2023?$

b$.$ Lower net income in $2026?$