b$.$ Determine the amount of depreciation expense to be reported on the income statements for Years $1$ through $5.$

c$.$ Determine the book value $($cost $-$ accumulated depreciation$)$ Morris will report on the balance sheets at the end of Year $1$ through Year $5.$

d$.$ Determine the amount of the gain or loss Morris will report on the disposal of the equipment on October $1,$ Year $6.$

Complete this question by entering your answers in the tabs below.

Required $A$

Required B

Required C

Required D

Determine the amount of depreciation expense to be reported on the income statements for Years $1$ through $5.$

Note: Round your answers to nearest dollar amount.

$\backslash$table$[[$Year$,\backslash$table$[[$Depreciation$],[$Expense$]]],[$Year $1,$$$,1,578],[$Year $2,$$$,1,578],[$Year $3,,],[$Year $4,,],[$Year $5,,]]$

Problem $6-31$A $($Algo$)$ Recording continuing expenditures for plant assets LO $6-2,6-5,6-7$

Morris Incorporated recorded the following transactions over the life of a piece of equipment purchased in Year $1$:

January $1,$ Year $1$ Purchased equipment for $$14,100$ cash. The equipment was estimated to have a five$-$year life and $$6,210$ salvage value and was to be depreciated using the straight$-$line method.

December $31,$ Year $1$ Recorded depreciation expense for Year $1.$

September $30,$ Year $2$ Undertook routine repairs costing $$731.$

December $31,$ Year $2$ Recorded depreciation expense for Year $2.$

January $1,$ Year. $3$ Made an adjustment costing $$3,090$ to the equipment. It improved the quality of the output but did not affect the life and salvage value estimates.

December $31,$ Year $3$ Recorded depreciation expense for Year $3.$

June $1,$ Year $4$ Incurred $$342$ cost to oil and clean the equipment.

December $31,$ Year $4$ Recorded depreciation expense for Year $4.$

January $1,$ Yeaf $5$ Had the equipment completely overhauled at a cost of $$7,270.$ The overhaul was estimated to extend the total life to seven years. The salvage value did not change.

December $31,$ Year $5$ Recorded depreciation expense for Year $5.$

October $1,$ Year $6$ Received and accepted an offer of $$15,900$ for the equipment.