8. Watson's Pharmacy offers free prescription delivery to customers. The pharmacy maintains its financial records on a calendar-year basis. At the end of June, Watson's purchases a new delivery vehicle costing $20,000. They plan to use the vehicle in the business 5 years and expect the vehicle to have a trade-in value of $5,000 after the five 3 years. What is the annual charge of depreciation on this asset? How much depreciation would be taken in the year of purchase (explain)? 9. Near the end of a fiscal year, a healthcare center borrows $200,000 from their local bank, scheduled to be repaid over five years. Quarterly payments will be made combining interest on the unpaid balance and a payment of $10,000 on principal. The hospital's balance sheet, prior to making the first scheduled payment, will show how much liability in the current portion of long-term debt and what amount in the long-term debt portion of the loan