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Assuming Ayayai sold the table for $ 6 0 0 0 at the end of the third year, calculate the gain or loss on disposal

Assuming Ayayai sold the table for $6000 at the end of the third year, calculate the gain or loss on disposal under each depreciation method. Ayayai Corp.purchased a boardroom table for $16000. The company planned to keep it for four years, after which it was expected to be sold for $1,000.(a) Your answer is correct. Calculate the depreciation expense for each of the first three years under the straight-line method and the double-diminishing- balance method, assuming the table was purchased early in the first month of the first year. (1) Straight-line method. Year 1 $ 4000 Year 2 $ 4000 Year 3 $ 4000(2) Double-diminishing-balance method. Year 1 $ 8500Calculate the depreciation expense for each of the first three years under the straight-line method and the double-diminishing- balance method, assuming the table was purchased early in the first month of the first year. (1) Straight-line method. Year 1 $ 4000 Year 2 $ 4000 Year 3 $ 4000(2) Double-diminishing-balance method. Year 1 $ 8500 Year 2 $ 4250 Year 3 $ 2125 e Textbook and Mediae Textbook and Media Attempts: 2 of 3 used (b) Assuming Ayayai sold the table for $9,800 at the end of the third year, calculate the gain or loss on disposal under each depreciation method Straight-line method Double-diminishing-balance method $ e Textbook and Media

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