Unit 6 Assignment (5%) Tesco Corporation purchased a delivery van on March 1th 2021. Assume this van was the company's only capital asset and that the company uses the nearest whole month rule in the year of acquisition and disposal for straight- line and double-declining balance depreciation methods. The following information is available. Cost $50,000 Estimated useful life 5 years or 400,000 kms Residual value $10,000 The van was driven 30,000 km in 2021 and 40,000 km in 2022. Required: 1. Calculate the end of year depreciation for 2021 under each of the following methods: Usage b. Straight-line Double-declining balance a. C. a. 2. Calculate the end of year depreciation for 2022 under each of the following methods: Usage b. Straight-line Double-declining balance 3. If one of management's objectives is to show the highest net income in 2021, what method should be adopted? C