On April 1, 2016, Bershka Company purchased a truck for $40,000. The truck is expected to have a useful life of 5 years and a salvage value of $2,000. Bershka Company uses the Double Declining Method of depreciation and prepares its financial statements yearly at the end of December.Year Book Value Depreciation Accumulated Book Value (Year Start) DDB Rate Expense Depreciation (Year End) 2016 40.000 30% A B 28.000 2017 28.000 40% 11.200 23.200 C 2018 16.800 40% 6,720 29.920 10.080 2019 D 40% 4.032 33.952 6.048 2020 6.048 40% E 36.371.2 3,628.8 2021 3,628.8 10% F 38.000 GOn January 1, 2020, Daniel Company purchased equipment for $32,000 with a salvage value of $2,000 and an estimated useful life of 6 years; the company uses the straight-line method of depreciation and prepares its financial statement yearly on December 31. On April 1, 2025, the company retires the equipment.Perla Company purchases a delivery van on January 1, 2020 for $21,000 with 6 years of useful life and $3,000 salvage value. On June 1, 2025, Perla exchanges the old van for a new SUV paying $13,000 and giving the old van. On the day of exchange, the van has a fair value of $6,000. The company uses the straight-line method for depreciation.Florenca Company purchased a truck on January 1, 2020 for $20,000 with a 4-year useful life and $4,000 salvage value. On September 30, 2023, the company sells the equipment to Aroma Company for $6,000. The company uses the straight-line method of depreciation and prepares its financial statements on a yearly basis