Need help! Gains and loses

GAINS and LOSSES There are 5 problems in this et. Choose a number from 1 to 5 TOTAL SCORE: 2 /9 Logan purchased a machine on 01/01/17 Use the following data in your calculations: COST SALVAGE VALUE$3.000 LIFE DEPRECIATION METHOD: SL 15,000 5 YEARS What is the depreciation amount per year? What is the Accumulated Depreciation after 3 years? What is the book value of the asset at the end of year 3? The machine was sold at the end of 3 years for cash of S8,300 What is the amount of the GAIN or LOSS? (Show loss as negative) Did the company ma ke a gain or a loss? JOURNAL CASH ACC. DEPR.EQUIPMENT GAIN ON DISPOSAL MACHINE DEBIT CREDIT A journal entry will be automatically generated based on your responses above. 8.300 15,000 Out of Balan