Comprehensive Problem $11-68($LO $11-1,$ LO $11-2,$ LO $11-3,$ LO $11-4,$ LO $11-5,$ LO $11-6)($Static$)$

Two years ago, Bethesda Corporation bought a delivery truck for $$30,000($not subject to the luxury auto depreciation limits$).$ Bethesda used MACRS $200$ percent declining balance and the half$-$year convention to recover the cost of the truck, but it did not elect $179$ expensing and opted out of bonus depreciation. Answer the questions for the following alternative scenarios. Use MACRS Table.

Note: Do not round percentages used for calculations. Loss amounts should be indicated by a minus sign. Leave no answer blank. Enter zero if applicable.

Required:

Assuming Bethesda used the truck until it sold it in March of year $3,$ what depreciation expense can it claim on the truck for years $1$ through $3?$

Assume that Bethesda claimed $$18,500$ of depreciation expense on the truck before it sold it in year $3.$ What are the amount and character of the gain or loss if Bethesda sold the truck in year $3$ for $$17,000$ and incurred $$2,000$ of selling expenses on the sale?

Assume that Bethesda claimed $$18,500$ of depreciation expense on the truck before it sold it in year $3.$ What are the amount and character of the gain or loss if Bethesda sold the truck in year $3$ for $$35,000$ and incurred $$3,000$ of selling expenses on the sale?