3. Please choose the correct answer and give the full clear solution! (No need for explanations!) Thank you!!

Question 3 10 pts On 1 Jan 2020, Company A purchased a vehicle costing $25,000. A certain vehicle upgrade of $3,000 was added with the purchase. Also, a delivery fee of $500 was included in the expense. The company expects the vehicle to be operational for 4 years at the end of which it can be sold for $5.000. Calculate depreciation expense for the year ended 31 Dec 2020, 2021, 2022 and 2023 using the Straight Line and Sum-of-Year's Digits method. Straight Line Sum-of-Year's Digits Time Depreciation {xx.xx} ($) Book Value {xx.xx} ($) Depreciation {xx.xx} ($) Book Value (xx.xx} ($) 31 Dec 2020 (Select] [ Select] 31 Dec 2021 [ Select] [ Select] 31 Dec 2022 [ Select] 31 Dec 2023 D Question 3 10 pts On 1 Jan 2020, Company A purchased a vehicle costing $25,000. A certain vehicle upgrade of $3,000 was added with the purchase. Also, a delivery fee of $500 was included in the expense. The company expects the vehicle to be operational for 4 years at the end of which it can be sold for $5,000. Calculate depreciation expense for the year ended 31 Dec 2020, 2021, 2022 and 2023 using the Straight line and Sum-of-Year's Digits method. Straight Line Sum-of-Year's Digits Time Depreciation (xx.xx} ($) Book Value (xx.xx} ($) Depreciation (xx.xx) ($) Book Value (xx.xx} ($) 31 Dec 2020 [ Select] [ Select ] 31 Dec 2021 [ Select] [ Select] [ Select none of the choices 19125 22625 22125 19625 31 Dec 2022 [ Select] 31 Dec 2023 Question 3 10 pts On 1 Jan 2020, Company A purchased a vehicle costing $25,000. A certain vehicle upgrade of $3,000 was added with the purchase. Also, a delivery fee of $500 was included in the expense. The company expects the vehicle to be operational for 4 years at the end of which it can be sold for $5,000. Calculate depreciation expense for the year ended 31 Dec 2020, 2021, 2022 and 2023 using the Straight Line and Sum-of-Year's Digits method. Straight Line Sum-of-Year's Digits Time Depreciation {xx.xx} ($) Book Value {xx.xx} ($) Depreciation (xx.xx} ($) Book Value {xx.xx} ($) [ Sclect] 31 Dec 2020 [ Select) 31 Dec 2021 [ Select] [ Select Select] TELE 19100 18600 16100 none of the choices 15600 31 Dec 2022 31 Dec 2023 D Question 3 10 pt On 1 Jan 2020, Company A purchased a vehicle costing $25,000. A certain vehicle upgrade of $3,000 was added with the purchase. Also, a delivery fee of $500 was included in the expense. The company expects the vehicle to be operational for 4 years at the end of which it can be sold for $5,000. Calculate depreciation expense for the year ended 31 Dec 2020, 2021, 2022 and 2023 using the Straight line and Sum-of-Year's Digits method. Straight Line Sum-of-Year's Digits Time Depreciation (xx.xx} ($) Book Value [xx.xx} ($) Depreciation {xx.xx} ($) Book Value [xx.xx} ($) 31 Dec 2020 [ Select] [ Select) 31 Dec 2021 [ Select] I Select] 31 Dec 2022 [ Sclecti [ Select] 4875 4708 5875 5708 none of the choices 31 Dec 2023 Question 3 10 pts On 1 Jan 2020, Company A purchased a vehicle costing $25,000. A certain vehicle upgrade of $3,000 was added with the purchase. Also, a delivery fee of $500 was included in the expense. The company expects the vehicle to be operational for 4 years at the end of which it can be sold for $5,000. Calculate depreciation expense for the year ended 31 Dec 2020, 2021, 2022 and 2023 using the Straight Line and Sum-of-Year's Digits method. Straight Line Sum-of-Year's Digits Time Depreciation (xx.xx} ($) Book Value (xx.xx} ($) Depreciation (xx.xx} ($) Book Value (xx.xx} ($) 31 Dec 2020 [ Select] [ Select] 31 Dec 2021 [ Select] [ Select) 31 Dec 2022 [ Select Select] 6900 6150 6000 7050 none of the choices 31 Dec 2023 Question 3 10 pts On 1 Jan 2020, Company A purchased a vehicle costing $25.000. A certain vehicle upgrade of $3,000 was added with the purchase. Also, a delivery fee of $500 was included in the expense. The company expects the vehicle to be operational for 4 years at the end of which it can be sold for $5.000. Calculate depreciation expense for the year ended 31 Dec 2020, 2021, 2022 and 2023 using the Straight Line and Sum-of-Year's Digits method. Straight Line Sum-of-Year's Digits Time Depreciation {xx.xx} ($) Book Value {xx.xx} ($) Depreciation {xx.xx} ($) Book Value (xx.xx} ($) [ Select] [ Select] 31 Dec 2020 [ Select] Select 31 Dec 2021 [ Select 31 Dec 2022 31 Dec 2023 Select 5000 7050 6900 none of the choices 7350