Hello, the question im asking is very similar to another question already answered. Although, for some reason i'm having trouble with it still.

a. What was the depreciation for the first year? b. Assuming the equipment was sold at the end of year 2 for $9,170, determine the gain or loss on the sale of the equipment. $x Feedaack T Check My Work Book value is the asset cost minus accumulated depreciation. In the first year, the balance in the accumulated depreciation account is zero