Marigold Corp., which has a calendar year accounting period, purchased a new machine for $94500on April 1, 2013. At that timeMarigoldexpected to use the machine for nine years and then sell it for $9450. The machine was sold for $50500on Sept. 30, 2018. Assuming straight-line depreciation, no depreciation in the year of acquisition, and a full year of depreciation in the year of retirement, the gain to be recognized at the time of sale would be

$3250.

$9450.

$0.

$5250.

On January 1, 2011,Marigold Corp.purchased equipment at a cost of $395000. The equipment was estimated to have a salvage value of $8000and it is being depreciated over eight years under the sum-of-the-years'-digits method. What should be the charge for depreciation of this equipment for the year ended December 31, 2018?

$10972

$10750

$49375

$48375