Question 4 Depreciation using various methods and disposals (10 mars) Complex Computers Company purchased a delivery vehicle for $100,000 on Jan 1, 2017 They paid an additional $500 in sales tax, 51500 to have the company logo painted on the vehicle and $4000 for insurance for the upcoming year. They plan to use the vehicle for 5 years and then sell it for $32,000. The company estimates that the vehicle will be used to drive 140,000 kilometers during its useful life in the following pattern: Year 1: 40,000, Year 2: 35,000, Year 3: 35,000, Year 4: 20,000, Year 5: 10,000 Complete the following chart for each of the depreciation methods Net Book Value (end of year) (a) Straight line depreciation (2 marks) Year Depreciation expense Accumulated Depreciation 2017 2018 2019 2020 2021 2 2018 2019 2020 2021 Net Book Value (end of year) Accumulated Depreciation (b) Double Declining (3 marks) Year Net Book Value Depreciation (beginning of year) expense 2017 2018 2019 2020 2021 Net Book Value (end of year) (c) Units of Activity (3 marks) Year Kilometers per year Depreciation expense 2017 2018 Accumulated Depreciation Accumulated Depreciation Net Book Value (end of year) (c) Units of Activity (3 marks) Year Kilometers per year Depreciation expense 2017 2018 2019 2020 2021 (d) If the vehicle was in an accident at the end of 2019 and the company received $40000 from the insurance company, how would this be recorded in the financial statements assuming that the company used straight line depreciation? (2 marks)