Solve the following 2 exercises Exercise 1 Company X, a subsidiary of Q8Global Corporation, operates in Canada. According to the Canadian tax rules the accepted method for the depreciation of motor vehicles is the straight- line method. Company X uses the units-of-production method which results in differences between the depreciation expense recorded in its books and the tax deductible depreciation expense. The information for the case at hand follows: 1. Cost of the acquisition of the truck: CAD$ 120,000.00 2. Date of acquisition: July 1, 2021. 3. Useful life: 5 years. Expected total miles to be driven: 600,000. 4. Residual value at the end of the useful life: 0 5. Miles driven in 2021: 40,000. 6. Tax rate: 35% Based on the information given above: taxes, etc.) 1. Make the necessary journal entry(ies) relevant to this case. (Depreciation, deferred