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On July 1, 2020, Molly's Greenhouse purchased a new delivery truck for $129,000. She paid a $20,000 cash and signed a promissory note for the remainder. Molly estimates that the delivery truck will have a five-year useful life, or 240,000 kilometres and a residual value of $9,000. Molly's Greenhouse has a December 31 year end. Molly drove the truck 19.000 km in 2020:54,000km in 2001; 56,000 in 2022:53,000 in 2023, and 59.000 in 2024. (a) Prepare depreciation schedules for the life of the asset under the following depreciation methods: 1. 2. straight-line method double-diminishing balance, and units-of-production method 3. (Round depreciable amount per unit to 2 decimal places. c.8.5.27 and the final answers to decimal places, 5, 5.276) 1. STRAIGHT-LINE METHOD 20 Coudy Question 2 of 6 -720 !!! 1. STRAIGHT-LINE METHOD Depreciable Amount Depreciation Rate Fraction of a Year - Depreciation Expense Year Truck 2020 5 12000 5 2021 S4300 2022 34000 2023 00 2024 2025 2 Coudy AIMS du Q O il Question 2 of 6 -120 ation Fraction x of a Year Depreciation Expense Accumulated Depreciation Carrying Amount 96 6/12 $ 96 % 90 12 Question 2 of 6 - / 20 TID 2. DOUBLE-DIMINISHING-BALANCE METHOD Depreciable Amount Depreciation Rate Fraction of a Year - Depreciation Expense Year Vehicles 5 6.12 2020 5 2021 2022 2023 2024 GI 2025 2 Coudy 40 Question 2 of 6 - /20 111 End of Year ation Fraction of a Year - Depreciation Expense Accumulated Depreciation Carrying Amount 6/12 9 NA 2 Cody 417 YOU 79 - HW PPLE -20 E 3. UNITS-OF PRODUCTION METHOD No. of Units Depreciation Amt/Ut Depreciation Expeme Accumul Deprecl Year Vehides 2020 2001 2022 2022 24 Oy estion 2 of 6 - /20 3. UNITS-OF-PRODUCTION METHOD End of Year Depreciation Amt/Unit Depreciation Expense Accumulated Depreciation Carrying Amount $ s - /20 E Question 2 of 6 (b) The parts of this question must be completed in order. This part will be available when you complete the part above (c) The parts of this question must be completed in order. This part will be available when you complete the part above (d) The parts of this question mit be completed in order this part will be wailable when you come the parts le) The part of this to be completed in der Tat will you como M 2C oudy 600 201208

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