9) 1/1/21 date placed in service: cost: $225,000 useful life: sales price $1,000 date sold: 7/1/35 10 yrs a) What is the depreciation expense for yr 1 using the straight-line method? b) What is the net book value of the fixed asset at the end of year 8? What is the depreciation expense for yr 11 using the straight-line method? d) Calculate any gain or loss when the fixed asset is sold on 7/1/2035. e) What is yr 1 depreciation expense using the double declining balance method? 9) 1/1/21 date placed in service: cost: $225,000 useful life: sales price $1,000 date sold: 7/1/35 10 yrs a) What is the depreciation expense for yr 1 using the straight-line method? b) What is the net book value of the fixed asset at the end of year 8? What is the depreciation expense for yr 11 using the straight-line method? d) Calculate any gain or loss when the fixed asset is sold on 7/1/2035. e) What is yr 1 depreciation expense using the double declining balance method