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M Gmail YouTube Maps Sign in myCapu Capilano Mail Naran Go The Capilano Univerity Pheedloop leam hede Question 3 of 5 - / 6 Current

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M Gmail YouTube Maps Sign in myCapu Capilano Mail Naran Go The Capilano Univerity Pheedloop leam hede Question 3 of 5 - / 6 Current Attempt in Progress Oriole Company had the following assets on January 1, 2022 Useful Life tin years) Item Cost Purchase Date Salvage Value Machinery $75.260 Jan 1, 2012 10 $0 0 Forklift 31.800 5 Jan. 1. 2019 3.184 Truck 35,408 8 Jan. 1. 2017 During 2022, each of the assets was removed from service. The machinery was retired on January 1. The forklift was sold on June 30 for $ 12.720. The truck was discarded on December 31. The company uses straight-line depreciation. All depreciation was up to date as of December 31, 2021. Compute the gain or loss for each of the asset disposals that occurred in 2022. (Hint: Be sure to update depreciation for each asset from January 1, 2022. to disposal date.)

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