On july 1 , 2 0 2 3 , x purchased a new delivery truck for $ 9 0 , 0 0 0 x estimates that the delivery truck will have 5 year useful life, or 1 1 5 7 1 4 km , and a residual value of $ 9 , 0 0 0 x has a December 3 1 year end x drove the truck 1 3 , 0 0 0 km in 2 0 2 3 and 3 1 , 0 0 0 km in 2 0 2 4 a ) Calculate depreciation expense using straight line method for 2 0 2 3 and 2 0 2 4 b ) Calculate depreciation expense using the double diminishing balance method for 2 0 2 3 and 2 0 2 4 c ) Calculate depreciation expense using the units of production method for 2 0 2 3 and 2 0 2 4

Question: On july 1 , 2 0 2 3 , x purchased a new delivery truck for $ 9 0 , 0 0 0 . x

On july

1, 2023,

x purchased a new delivery truck for $

90, 000 .

x estimates that the delivery truck will have

5

year useful life, or

115714

,

and a residual value of $

9, 000 .

x has a December

31

year end. x drove the truck

13, 000

km in

2023

and

31, 000

km in

2024 .

)

Calculate depreciation expense using straight line method for

2023

and

2024 .

)

Calculate depreciation expense using the double diminishing

-

balance method for

2023

and

2024 .

)

Calculate depreciation expense using the units

-

-

production method for

2023

and

2024 .

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