Hamilton Company purchased a machine for $11,800 on January 1, 2016. The machine has been depreciated using the straight-line method over a four-year life with a $1,600 residual value. Hamilton sold the machine on January 1, 2018, for $8,000 What is straight-line depreciation for the year ended December 31, 2016, and what is the book value on December 31, 2017? What is straight-line depreciation for the year ended December 31, 2016? The depreciation is $ What is the book value on December 31, 2017 The book value is $