A Company purchased equipment on November 1, 2017 for $7,200 with a 2 years useful life. On March 1, 2019, the company decided to dispose the equipment. The equipment is depreciated under the straight-line method. Compute the equipment's: Annual depreciation expense: * $1,200 $2,100 $3,600 $6,300 None of the above Depreciation expense of the year 2017: * $300 $600 $900 $1,200 None of the above Depreciation expense of the year 2018: * $300 $600 $900 $1,200 None of the above Depreciation expense of the year 2019: * $300 $600 $900 $1,200 None of the above Accumulated Depreciation at the disposal date: * $3,600 $4,500 $4,800 $5,100 None of the above Book value at the disposal date: * $2,100 $2,400 $2,700 $3,100 None of the above Assume that the equipment was sold for $1,200, what is the result of this disposal: * Loss $300 Loss $600 Loss $900 Loss $1,200 None of the above