Depreciati Ltd. purchased a truck for long-distance deliveries in Europe on Janu- ary 3, 20X7. The purchase consideration amounts to €100000. The truck is expected to have a salvage-value of €20000 at the end of its eight-year useful life.
Required:
(a) Prepare a depreciation schedule using the straight-line method.
(b) Prepare a depreciation schedule using the diminishing balance method.