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On 1st of January 2018 Blink Ld. purchased a new truck to be used for the delivery of the merchandises produced by the company.
Problem 1: Calculate the gain or loss obtained for the sale of the truck considering that the company used the straight-line depreciation method.
Problem 2: Calculate the gain or loss obtained for the sale of the truck considering that the company used the double declining balance method for depreciation purposes. Explain your calculation and the steps followed.
Problem 3: Calculate the remaining unpaid balance of the loan at 28th of February 2021. Explain your calculation.
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