Question 1: On January 1, 2018 (Year 1), Champre Company purchased a delivery truck for $30,000. The truck has an estimated salvage value of $2,500 and a useful life of 5 years. On January 1, 2022, the beginning balance in accumulated depreciation was $26,112. Compute depreciation expense for the year ended December 31, 2022 (Year 5), assuming that Champre Company uses the double-declining-balance method.

Question 2: On January 1, 2020 (Year 1), Fourtier Corporation purchased a delivery for $35,000 and placed it into service. The truck had an estimated salvage value of $3,000 and a useful life of 5 years. Fourtier Corporation uses the straight-line method to compute depreciation. On October 1, 2022 (Year 3), Fourtier Corporation sells the truck for $19,500. Compute the gain (loss) on the sale. [Enter a loss as a negative number].