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1. A plant asset purchased for $725,000 has an estimated life of 10 years and a residual value of $36,250. Depreciation for the second year

1. A plant asset purchased for $725,000 has an estimated life of 10 years and a residual value of $36,250. Depreciation for the second year of use, determined by the declining-balance method at twice the straight-line rate is

2. A plant asset purchased for $638,000 at the beginning of the year has an estimated life of 5 years and a residual value of $58,000. Depreciation for the third year, determined by the sum-of-the-years'-digits method is $

A plant asset with a cost of $783,000, estimated life of 5 years, and residual value of $130,500, is depreciated by the straight-line method. This asset is sold for $551,000 at the end of the second year of use. The

(gain/loss)

on the disposal is $

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