Question 3 A In 2014 January, Horace's Hardware bought a truck to make deliveries to customers. Cost of the truck was $2 400 000. In July of year 3, the truck was sold for $1 500 000. An annual allowance of 20 percent is available. Draft a capital allowance computation schedule for the truck. (14 marks) B. Determine if there is a balancing charge or balancing allowance after disposal. Show all workings. (3 marks) C. If the truck had been sold for $1 000 000, would there have been a balancing charge or balancing allowance? Show all workings. (1 mark) D. What if the truck had been sold for $2 600 000? Would there have been a balancing charge or balancing allowance? (2 marks) (Total 20 marks)