5. A business buys a delivery truck for $400,000 on 1st January 2019. Its estimated useful life in the business is 5 years, after which it will be sold for an estimated residual value of $50,000. Required: Prepares tables showing the carrying amounts brought down and carried down and the depreciation expense for each of the six years of useful life using: 1. a. Straight line method of depreciation b. Reducing balance depreciation 2. Assume a business disposed of a delivery van on 1st January 2022 for $200,000. Calculate the loss/gain on the disposal under straight line and reducing balance method