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Current Attempt in Progress Cullumber Company had the following assets on January 1, 2022. During 2022, each of the assets was removed from service. The

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Current Attempt in Progress Cullumber Company had the following assets on January 1, 2022. During 2022, each of the assets was removed from service. The machinery was retired on January 1 for $9,360. The truck was discarded on December 31 . The company uses straight-line depreciation. of December 31, 2021. Compute the gain or loss for each of the asset disposals that occurred in 2022. (Hint: Be sure to upda From January 1,2022 , to disposal date.) Current Attempt in Progress Cullumber Company had the following assets on January 1, 2022. During 2022, each of the assets was removed from service. The machinery was retired on January 1 for $9,360. The truck was discarded on December 31 . The company uses straight-line depreciation. of December 31, 2021. Compute the gain or loss for each of the asset disposals that occurred in 2022. (Hint: Be sure to upda From January 1,2022 , to disposal date.)

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