4)	date placed in service:	7/1/22
	cost:	$24,000
	useful life:	3 yrs
	sales price	$1,000
	date sold:	12/31/26
a)	What is the depreciation expense for yr 1 using the straight-line method?
b)	What is yr 1 depreciation expense using the double declining balance method?
c)	What is the depreciation expense for yr 6 using the straight-line method?
5)	date placed in service:	4/1/22
	cost:	$500,000
	useful life:	10 yrs
	sales price	$10,000
	date sold:	12/31/47
a)	What is the depreciation expense for yr 1 using the straight-line method?
b)	What is the balance in the accumulated depreciation account on 12/31/2023?
c)	Calculate any gain or loss when the fixed asset is sold
6)	date placed in service:	1/1/22
	cost:	$1,200,000
	useful life:	10 yrs
	sales price	$100,000
	date sold:	12/31/30
a)	Calculate any gain or loss when the fixed asset is sold.
b)	What is the balance in the accumulated depreciation account on 12/31/2028?
c)	Assume the fixed asset was sold for $5,000 on 12/31/2036, calculate the gain or loss on the sale.