A business buys a delivery van for $400,000 on 1th January 2018 . Its estimated uigefil life in the business is 5 years, after which it will be sold for an estimated residual value of $50,000. Requined: 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. Rectucing balance depreciation 2. Assume a business disposed of a delivery van on 1st January 2021 for $200,000. Calculate the loss/gain on the disposal under straight line and reducing balance method. [ Marks: (8+8+8)=24]