Star Company purchased a small truck on 1/7/2021. The truck cost was $ 90,000, with a salvage value of $ 10,000, and a useful life of 10 years. If the company uses the double declining balance method for depreciation, what is the book value of the truck on 31/12/2023? (Note: write your answer as a number only, with no commas or signs. If your answer is $ 1,000, write it as 1000). Answer: Lalaland Company purchased equipment, on 1/1/2012. The cost was $90,000, with 10 years useful life, and NO salvage value. On 1/1/2018, the company exchanged its old equipment for new equipment. Lalaland paid $36,000 cash in the trade. The old equipment that was traded had a fair value of $54,000. The transaction has commercial substance, and the company uses SLM method for depreciation. Required: Calculate the gain the company recorded on this transaction? (Note: write your answer as a number only, with no commas or signs. If your answer is $ 1,000, write it as 1000)