It assesses the following learning outcomes Outcome 1: Critically understand the different depreciation methods and its effects on the net income of the company Outcome 2: Critically understand the impact of the depreciation method in case of divestment Outcome 3: Critically understand a amortization process of a mortgage Exerciso 1: On th of January 2018 Blink Ld purchased a new truck to be used for the delivery of the merchandises produced by the company The price paid was $175,000. The residual value of the truck was estimated to $5,000 and the useful life to 9 years, On 31" of December 2020 the company sold the truck for $107.000 On 31" of December, Bink, Los obtained a 18 months loan from the bank for $200,000. Interest rate is 6%. The company will face monthly installment payments of $2,000 as from January 15 2020, 1. Calculate the gain or lon obtained for the sale of the truck considering that the company used the straight-line depreciation method, Explain your calculation and the stops followed 35 points (10 for accumulated depreciation, 10 for her book value. 10 for amount of gain or loss, for the explanationa) 2. Calculate the gain or loss obtained for the sale of the truck considering that the company used the double declining balance method for depreciation purposes. Explain your calculation and the steps followed 35 points (10 for accumulated depreciation. 10 for netbook value, 10 for amount of gain or loss, for the explanations) 3. Explain the differences obtained between answer to questions 1 and 2. 10 points 4 Calculate the remaining unpaid balance of the loan at 28 of February 2021 Explain your calculation 20 points