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Bridgeport Corp purchased a boardroom table for $17,000. The company planned to keep it for four years, after which it was expected to be sold for $1.000. (a) Your answer is correct Calculate the depreciation expense for each of the first three years under the straight-line method and the double-diminishing-balance method, assuming the table was purchased early in the first month of the first year, (1) Straight-Ane method Year 1 $ 4000 Year 2 $ 4000 Year 3 $ 4000 (2) Double-diminishing-balance method, Year 1 $ 8500 Year 2 $ 4250 Year 3 $ 2125 cTextbook and Media Attempts: 2 of 15 used (b) Your answer is correct. Assuming Bridgeport sold the table for $6,600 at the end of the third year, calculate the gain or loss on disposal under each depreciation method. 1600 Gain Straight-line method Double-diminishing-balance method Gain : lo Your answer is incorrect Determine the impact on net income (total depreciation of the table plus any loss on disposal or less any gain on disposal) of each method over the entire three-year period. $ Straight-line method Double-diminishing-balance method $ eTextbook and Media Save for Later Last Saved 5 minutes ago Saved work will be auto-submitted on the due date Attempts: 5 of 15 used Submit