s format. Some content might be missing or displayed improperly. 2 3 I 4 5 On October 1, 2021 Stan Auto Rentals purchases a new automobile for $30,000 to add to its fleet of rental cars. The automobiles are rented out on a short-term basis with rental fees calculated based on distance driven by the customer. Welch's policy is to sell and replace a car after the earlier of 3 years, or 75,000 kilometres. The average selling price of the used cars is $8,000. This particular car was driven 8,000 km in 2021, 39,000 km in 2022 and 21,000 km in 2023. Required: a) Calculate 2021 and 2022 depreciation expense under each of the following methods: (i) Straight-line (ii) Diminishing-balance using a 40% rate (iii) Units-of-production I b) Which method will best match the estimated pattern in which the asset's economic benefits are expected to be consumed? Explain.