LSO sold a delivery truck for $16,000. LSO had originally purchased the truck for $28,000, and had accumulated depreciation of $15,000. When recording the sale, LSO would recognize?

A machine that cost $400,000 has an estimated residual value of $40,000 and an estimated useful life of ten years. The company uses double-declining-balance depreciation. What is the depreciation expense for the 1st year?