depreciation

3) date placed in service: cost: useful life: sales price date sold: 8/1/2022 $40,000 10 yrs $10,000 12/31/2030 a) What is the depreciation expense for yr 1 using the straight-line method? $ 4,000.00 b) What is the depreciation expense for yr 2 using the straight-line method? $ 8,000.00 c) Calculate any gain or loss when the fixed asset is sold. d) What is the balance in the accumulated depreciation account on 12/31/2028? - Nm 24) 3 4 5 6 7 date placed in service: cost: useful life: sales price date sold: 7/1/2022 $24,000 3 yrs $1,000 12/31/2026 un 8 a) What is the depreciation expense for yr 1 using the straight-line method? $ 8,000.00 b) What is yr 1 depreciation expense using the double declining balance method? 9 10 11 12 13 c) What is the depreciation expense for yr 6 using the straight-line method? $