Select the appropriate depreciation method to apply. Once you have selected a method, build a depreciation table based on the parameters described in the scenario. Make sure you indicate the method selected at the top of the table. All depreciation schedules should be generated for Financial Statement purposes, not tax reporting. The company has just purchased a brand-new snow removal vehicle to keep its parking lots clear of snow in the winter. The purchase price is $40,000. We expect that this vehicle should last 10 years or more, but depreciation guidance indicates it should be depreciated over 5 years. The residual value is estimated in the Kelly Blue Book to be $15,000 at the end of 5 years. Due to the variable nature of winter weather, it is not possible to estimate how many times per winter the vehicle will be used. The vehicle has no other uses outside of snow removal. The company wishes to depreciate the vehicle on an accelerated schedule, but not at the maximum rate allowed