A fleet of refrigerated delivery trucks is acquired on January 1, 2018, at a cost of $1,830,000 with an estimated useful life of Eight years and an estimated salvage value of $75,000. The fleet is sold after 5 years for $200,000 and firm used double declining depreciation method. Requirement: 1. Calculate the Depreciation Rate and Depreciation expense for each year. 2. Write the journal entry for the sale of asset in given table 7 A B I iii III EE Double Declining Depreciation Rate = Depreciation Table * Year Depreciation Expense