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Lord of the Reedy River, Inc., a calendar year corp., has a license to guide tours of a wildlife refuge, and on January 1, 2013,

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Lord of the Reedy River, Inc., a calendar year corp., has a license to guide tours of a wildlife refuge, and on January 1", 2013, the company bought and put into use a tourboat. The cost for the boat was $ 640,000. and the cost of transport to the intended location of use was $ 27,000. Finally, $ 13,000. was spent on modifications to the boat to make it usable for its intended purpose. The company intends to use the boat for about seven years and then expects to be able to sell it to another company for $ 92,000. Over this time frame, the boat will be used about 300,000 miles. Actual usage in miles was 2013 30,000 miles, 2014 50,000 miles, 2015 45,000 miles, 2016 54,000 miles, 2017 43,000 miles, 2018 48,000 miles, 2019 32,000 miles and for 2020 24,000 miles. Prepare a depreciation schedule for the boat using straight line method, units of production (use miles), and double declining balance for all the life of the boat. Also, assuming instead of using the boat until 2020, that the boat was sold for $ 200,000. on 12/31/2018, what would be the gain or loss on the sale for all three methods

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