Time left 1:48:28 Speedy Truck is a company that deals with long distance transportation of food and groceries across Eastern Canada. The company purchased a new transport truck on January 1, 2020, for $250,000 cash. Its estimated useful life is ten(10) years or 500.000 kilometers with an estimated residual value of $35.000. Below is the estimated kilometers driven in each of the five years: 2020.....200,000km 2021.....190.000km 2022....60,000km 2023.....40.000km 2024.... 10.000km in addition to the purchase of the truck, Speedy Truck also purchased computer hardware and software for office use. This computer hardware and software cost $12,000. Its estimated useful life is three (3) years with a residual value of $2,500. Required: Use the above information to answer the following questions, 7 A BI III TRUCK DEPRECIATION PART 1) Calculate the 2020 depreciation expense for the transport truck using the units of production method. Round your unit cost to two decimal places. (2 marks) MOT Mat other depreciation method would be appropriate? Explain why or why not another depreciation method