Part 1: The Pablo Paving Company purchased a new dump truck for $125,000 at the beginning of Year 1. It is estimated that the residual value will be $15,000 and have a useful life of 5 years. Prepare a depreciation schedule using each of the 4 methods. Round %s to 2 decimal places. (Original question which I have already done, I need part 2 worked please)

Part 2: If the Dump Truck is sold for $120,000 at the end of year 3, what is the gain/loss under each method?

There are 4 methods of depreciation (Straight line, Sum of years digits, double depreciation, and modified acc. cost recovery.