On July 1, 2016 Mollys Greenhouse purchased a new delivery truck for $99,000 She paid a $20,000
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On July 1, 2016 Mollys Greenhouse purchased a new delivery truck for $99,000 She paid a $20,000 cash down payment and the remainder with a note payable Molly estimates that the delivery truck will have a fiveyear useful life, or 150,000 kilometres and a residual value of $9,000 Mollys Greenhouse has a December 31 year end Molly drove the truck 11,000 km in 2016: 34,000 km in 2017: 35,000 in 2018: 33,000 in 2019: and 38,000 in 2020.
Prepare depreciation schedules for the life of the asset under the following depreciation methods:
1. straight-line method
2. double-diminishing-balance,
3. units-of-production method
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