Question: PROBLEM 2A} DEPRECIATION 15 POINTS Borel Inc., a calendar year company, purchased on June 29, 2019 a tractor trailer for transporting racehorses. The cost of

PROBLEM 2A} DEPRECIATION 15 POINTS Borel Inc., a calendar year company,

PROBLEM 2A} DEPRECIATION 15 POINTS Borel Inc., a calendar year company, purchased on June 29, 2019 a tractor trailer for transporting racehorses. The cost of the trailer was $200,000 and is estimated to have a useful life of five years and salvage value is to be ignored. What would be the depreciation expense during the entire useful life of the asset? Straight Line; Sum-of-the-Year's digits; Double Declining Balance? PROBLEM 2B DEPRECIATION 10 POINTS Using the facts provided in Part A above, what would be the journal entry for the sale of the truck if the truck was sold on December 31, 2021 for the amount of $185,000? PLEASE USE the STRAIGHT LINE DEPRECIATION method for the computation of your journal entry. PROBLEM 3} HUSKY INVENTORY 20 POINTS

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