19.Fred's Freighthauling Ltd has a small fleet of delivery trucks. Each one is depreciated on the reducing balance method (rate 20 per cent) with no salvage value. Truck 4 was purchased on 1 July 2015 for $46 000, and sold three years later, on 30 June 2018, for $15 000. The company's financial year-end is 31 December. Requirements (1)What was the total depreciation on truck 4 to the date of its disposal?(2') (2)Based on your answer to question 1, write a journal entry to record the disposal of truck 4.(2') (3)Assuming the company uses straight-line depreciation at 15 per cent per year and an estimated salvage value of $6000.What was the annual depreciation on truck 4 to the date of its disposal(2') (4)Based on your answer to question 3, write a iournal entry to record the disposal of truck 4.(2') (4)Based on your answer to question 3, write a journal entry to record the disposal of truck 4.(2) (5)Calculate the different effects of the two depreciation methods on the company's 2018 profit. Ignore income tax effects (2')