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Indradhanush Pharmacy Corp. purchased a delivery vehicle for $58000. The company paid $600 to have the company logo painted on the van. The vehicle will

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Indradhanush Pharmacy Corp. purchased a delivery vehicle for $58000. The company paid $600 to have the company logo painted on the van. The vehicle will be depreciated using 40% diminishing balance. The residual value of the vehicle after five years is estimated to be $5000. a) Calculate the depreciation for all five years, and fill the blanks below. Formatting: Only enter plain number (no S-sign or thousands-separator); round the results to two digits after the comma. Blank 1: Depreciation expense in year 1 Blank 2: Depreciation expense in year 2 Blank 3: Depreciation expense in year 3 Blank 4: Depreciation expense in year 4 Blank 5: Accumulated depreciation in year 5 b) At the end of year 5, the manager of Indradhanush Pharmacy Corp. coniders to sell the vehicle for $4500. If the deal gets approved, would the company make a gain or loss on the disposal? Blank 6: Answer the question above by writing either "gain" or "loss" (one word!) without quotation marks. Blank 7: What S-amount would the company gain or lose from the transaction? Formatting instructions: Enter the amount as a plain number (no + or - signs, no $-signs, no thousands-separator); round the results to two digits after the comma

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