Question 7 On January 1, 2016 Company purchased a truck for $81,000. Company C determined that the truck had a salvage value of $7.000 and a title of either 100.000 miles or 4 years, Company C drove the truck 31,000 miles in 2016, 23,000 miles in 2017 and 14.000 miles in 2018. Company C sold the truck for $27,000 cash at the end of 2018 A. Assuming Company uses the Straight Line method to calculate depreciation, what is the net book value reported at the end of 2018 (before the sale)? B. Assuming Company Cuses the Straight Line method to calculate depreciation, what is the gain or loss on sale (be sure to Indicate both the amount and whether it is a gain or loss)? C. Assuming Company C uses the Unit of Production method to calculate depreciation, what is the net book value reported at the end of 2018 (before the sale)? D. Assuming Company C uses the Units of Production method to calculate depreciation, what is the gain or loss on sale (be sure to indicate both the amount and whether it is a gain or loss)