Kabal Koal Company, Inc., an IFRS reporter purchased a new mining machine at a total cost of $1.440,000 on the first day of its fiscal year. The mining machine has two components casing and engine 1.200.000 allocated to the engine, which has a six-year useful life and $75,000 salvage value $180,000 is allocated to the casing, which has a 10-year useful to and no salvage value. The straight-line method is used Read the requirements Requirement a. Prepare the depreciation schedule for the machine Begin by preparing the depreciation schedule for the engine. (Round all amounts to the nearest Whole dollar needed, adjust the depreciation expense for yoar to arrive at an ending book value equal to the scrap value) End-of-Year End-of-Year Requirements Depreciation Original Accumulated Net Book Value Expense Cost Depreciation (NBV) a. Prepare the depreciation schedule for the machine. b. Kabat Koal sells the mining machine for $813.500 at the end of year 3. What is the gain or loss on the sale? Year Print Done