Question3 Fantastic Tiling Corporation is a tiling manufacturer. company, recently approved the purchase of a new truck growing business. The company's purchasing manager quickly acquires a tr Jon Tiler, the founder of the to support the company's expected truck at the advertised price of s60,000, When the company driver picked up the new truck from the factory he incurreda speeding fine of $1,000 driving too fast in a school zone. She also had to pay $1,000 for vehicle related state stamp duty costs, $2,000 for registration costs. Fantastic Tiling expects to use the truck for 4 years, and estimates that it will have a salvage value of $3,000 at the end of its 4 year use. She paid cash for all the above costs. Of the three possible depreciation methods (straight line, reducing balance and units of production depreciation methods), the accounting department determines that the units of production method is the b over the 4 years estimated life. The company is also replacing the machine used for glazing. The old machine was originally recorded at a cost of $110,000 with an estimated years straight line. The statement of financial position shows a depreciation at the beginning of the financial year of $$5,000. The cost of the new machine is $150,000 and Jon negotiated to trade in the old machine for $40,000 and pays cash for the balance. est method to use for depreciating the truck. The truck will travel approximately 60,000 km's $10,000 salvage value and depreciated over 10 book value net of accumulated onCayh