Question 7 [3 points At Decomber 31, 2013 Gulf Corp's balance sheet showed plant and equipment information as detailed in the schedule below Gulf Corp calculates depreciation to the nearest whole month Please complete the schedule Round depreciation per unit of production to the nearest cent Cost Information Depreciation Description Purchase Date Depreciation Method Cost Residual Accum Dep Dec Dep Expense Accum. Dep. Dec Lille 31, 2013 for 2014 31, 2014 Trucks May 2, 2012 Units of production 500 950 10,000 1001000 km There have been no disposals or subsequent capital expenditures on the asset since the date of purchase The kilometres the truck was actually driven were as follows 2012 290,000 2013 465,000 2014 284.000 For simplicity, assume that the asset is deprecated as an individual item and will not be broken down into ports and depreciated