. On January 1, Year 1, Company, LLC ordered a truck at an invoice price of $17,000. On January 3, Year 1, the company paid $1,000 for freight on the truck. On January 4, Year 1, the company paid $500 for various installation and preparation costs for the truck. Additionally, the company incurred $250 of interest expense for debt used for the truck. On January 5, Year 1, the company started to use the truck. On January 10, Year 1, the company paid $200 to fix a flat tire on the truck. The estimated useful life of the truck was five years, and the residual value was $4,500. Assume that the estimated productive life of the machine was 140,000 miles. Actual annual usage was 15,000 miles hours in Year 1; 25,000 miles in Year 2; 30,000 miles in Year 3; 50,000 miles in Year 4, and 20,000 miles in Year 5. On December 31, Year 5, Company, LLC sold the truck for $5,000 cash. A. Compute the acquisition cost of the truck. B. Com pute the annual depreciation expense for each of the years 1 through 5 using each of the following methods: Straight-line Unit-of-production Declining-balance Accumulate d Depreciation Depreciation Expense Computation Net Book Value Year Acquisitio n Year 1 Year 2 Year 3 2,160 14,000 4,500 6,660 X 2/5 6,660 - 4,500* 0 0 Year 4 Year 5 0 0 0 0 4,500 4,500 Remember, double declining balance cannot reduce net book value below the residual value. C. Compute the gain (or loss) on sale