Question 1 (25 marks) (a) A logistic company brought a container truck. It has an estimated net cost of ($600,000+ 1,000 X 4) and is expected to give service for (300,000 + 100 x 4) miles, resulting in a ($18.000 - 10 x 4) salvage value. Compute the allowed depreciation amount for a truck usage of (70,000 - 100 x 4) miles. (Round off your answer to 1 decimal place.) (10 marks) (b) An accountant of HKCC company found the below information of their computer system: Cost basis of the asset. I = ($15,000 + 100 x 4) Useful life, N= 5 years Estimated salvage value, S = less than $1500- Use the double-declining-depreciation method to compute the annual depreciation allowances and the resulting book values for all years in a table form. (Round off your answer to integer.) (10 marks) (c) A sole proprietor brought a set of office desk and chair for ($10.000 + 100 x 4). He expects it can last for 10 years, and estimates selling it out at $200. In the year end, his auditor suggests him to use straight-line method to depreciate that asset. What is the annual depreciation amount? (Round off your answer to integer.)