Question five 10 Marks France Ltd. purchased a delivery truck on January 1, 2018, at a cost of $160,000. The truck is expected to have a residual value of $16,000 at the end of its four-year useful life. France has a December 31 year end. (a) Calculate the depreciation using the straight-line method for 2018 and 2019. (b) Using the diminishing-balance method and assuming the depreciation rate is equal to double the straight-line rate, calculate the depreciation for 2018 and 2019 (c) Assuming the delivery truck was purchased on May 1 instead of January 1 and that the company records depreciation to the nearest month, calculate the depreciation expense using the straight-line method for 2018 and 2019. (d) Assuming the delivery truck was purchased on May 1 instead of January 1, calculate the depreciation expense using the diminishing-balance method for 2018 and 2019. Assume the depreciation rate is equal to one times the straight-line rate