A Company purchased equipment on November 1, 2017 for $7,200 with a 2 years useful life. On March 31, 2019, the company decided to dispose the equipment. The equipment is depreciated under the straight-line method.

Compute the equipments:

Annual depreciation expense: *

a-$1,200

b-$2,100

c-$3,600

d-$6,300

e-None of the above

Depreciation expense of the year 2017: *

a-$300

b-$600

c-$900

d-$1,200

e-None of the above

Depreciation expense of the year 2018: *

a-$300

b-$600

c-$900

d-$1,200

e-None of the above

Depreciation expense of the year 2019: *

a-$300

b-$600

c-$900

d-$1,200

e-None of the above

Accumulated Depreciation at the disposal date: *

a-$3,600

b-$4,500

c-$4,800

d-$5,100

e-None of the above

Book value at the disposal date: *

a-$2,100

b-$2,400

c-$2,700

d-$3,100

e-None of the above

Assume that the equipment was sold for $1,200, what is the result of this disposal: *

a-Loss $300

b-Loss $600

c-Loss $900

d-Loss $1,200

e-None of the above