On January 1, 2020. vero il company purchased a dringtruck for 500.000 by paying 100,000 cash and sirina 1400,000, note for the balance Stvario expects the truck lastentars with an estimates value of $20,000 the end of that time REQUIRED 1. Prepare the journal entry to record the purchase of the driving truck 2. Compute the annual depreciation expense and book value of the desting truck for 2000 and 2021 under the following depreciation methods: (8 straight line and to double-decimieng-balance 3. Prepare the journal entry to record the depreciation expense under straight line and double declining balance for 2021 4. Show how the bringtru wil be reported on the 12/31/2021 balance sheet if the company uses the double declining balance depreciation 5 Assume that stiver of Company uses the straight line depreciation method of the drilling truck is sold for 5.300.000 on April 202%, what would be the pain or los co the sale of dringud Prepare the mal entry to record the sale of dringtruck