Question: 5 i. On March 01, 2020, DHL purchased a delivery truck for $100,000. The truck has an estimated useful 2 life of 200,000 miles with a salvage value of $10,000. In the year 2020, DHL used the vehicle for 1,000 miles. What is the depreciation expense for this truck in 2020? Assume DHL uses activity method of depreciation. ii. Nikola Company purchased equipment for $40,000. Sales tax on the purchase was $600. Other costs 2 incurred were freight charges of $350, transit insurance of $400 and installation costs of $365. What is the cost of the equipment? Show proper calculation. iii. How to calculate depreciation on land? 1 iv. Dow Chemical sells equipment for $20,000 cash. The equipment originally cost $48,000 and has 1 accumulated depreciation of $35,000. Calculate the gain or loss on the sale