I just need this explained not just the answers

D. Assume Wildcats sells the machine on January 1, 2018 for $28,000 cash. Compute the resulting gain or loss from the sale using double-declining depreciation and record the journal entry to recognize the sale. 281000 Cash +A Accomulated Dep Gain E. If you were Wildcats CFO and you had a bonus based on net income what assumption or assumptions related to this equipment could potentially be changed to maximize your bonus in 2015? Which method of depreciation would you prefer? You would want to increase the salvage Valve ti ti salvage value : 4,000 COST 84,000 84,000-4.000 80k Salvage, 0.000 Dep Base useful life 4years IN-CLASS EXERCISE #7 Dep Base wildcats, Inc, purchased a new truck on January 1, 2015 at a cost of $84,000. The machine's estimated useful life at the time of the purchase was 4 years, with an estimated salvage value of $4,000. The machine was estimated to have a production capacity of 16,000 units, with the expectation of production over the life as follows: 2015 - 5.000 units: 2016 - 6,000 units: 2017 - 4,000 units; and 2018 - 1.000 units INSTRUCTIONS: A. Complete the depreciation schedules from 2015 through 2018 for each of the three methods. 84,000 -4,000 80000 =20000 640 Sarance Sight ne 4 Straight-Line Method -Cost - Salvage - 1/Life - Cost - A/D Depreciable Annual Dep Ending Year Accumulated Dep SL Rate Base Expense 2015 800 2390 20.000 20.000 2016 8000 2970 20.000 | 40.000 2017 SOLO 25% 20.000 60.000 2018 80100 25% 20000 80.000 4 = 21,000 X 2=42,000 201000X4yolS=801000 Double Declining Balance Method Cost - A/D - 29 (1/Life) - Cost - AVD Annual Dep Ending Year Beginning NBV Accumulated Dep Expense 2015 St.000X 42000 4217 42.000 2016 42.000X 50% 531000 21.00 2017 21.000 CS 10 2018 10.500 6/300 EDO 4,000 divide by 2X25%-50% ti ti ti ti ti ti ti ti ti NBV t u U NBV Units of Production Method -Cost - A/D **(Cost-Salvage) Total Units Produced Expected Units Cost Per Annual Dep Ending Accumulated Dep Year of Production Unit** Expense NBV 2015 51000 55.00 25.000 2 2016 G000 500 0 SOOD Yo X 5.00 000 201000 751000 2018 10 ( 84,000-4.000 80.000-5000 deprecat 2017 4 16,000 production 16000 GRS.Oopperon colpo