Three: LO 2 (12 Marks) On 1st February 2020, Ahmed purchased a new truck at a cost of $74,300. He estimated the truck will be used for six years, he also estimated that after six years the salvage value of the truck will be $2,300. (A)-Compute the depreciation expense for 31" December 2020 (first year only) using straight-line method (show your working and formula). (4 marks) (B)-Show the presentation of accumulated depreciation using straight-line method in statement of financial position for the first year (31" December 2020). (4 marks) I (C)-Ahmed anticipates the truck can be driven for 120,000 miles before it reaches salvage value $1,900 after 5 years. During 2020 the truck completed 40,000 miles in total. Compute depreciation expense for 31 December 2020 using the units of activity method. (4 marks) (D)-Compare between capital expenditure & revenue expenditure with examples. (4 marks) Focus