Rose Petals Limited bought a van for making deliveries on January 1, 2020 for $60,000. The manager feels that the van should be sold for $10,000 in 4 years and estimates the useful life of the van is 4 years or 200,000 kilometers. Rose Petals drove the van 40,000km in 2020,55,000km in 2021,60,000km in 2022&45,000km in 2023 . On December 31,2023 the van was sold for $8,000. Required: 1. Calculate depreciation expense for 2020,2021,2022 \& 2023 under the following methods: A. Straight line B. Double diminishing balance C. Units of production 2. Prepare the journal entry to record the sale of the van on December 31, 2023 assuming Rose Petals Limited used straight line to calculate depreciation