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net income is cropped at the end of the chart Asyme that Gonzaler Compley purchased an asset on 3anuary 1, 2015, for 169,000 . The

net income is cropped at the end of the chart
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Asyme that Gonzaler Compley purchased an asset on 3anuary 1, 2015, for 169,000 . The asst had an estimated the of six years and an estimated residual value of 55,900 . The company used the itraicht-ine method to oepreciate the aswet On fuly i, 2017, the asset was soid for $45,205. Aequiredt 1. Identify and andyze the effect of the trensection for depreciation for 2017. Idencify and analyte the eiffect of the salt of the asset. 2. He pe shayld the guis oor lass on the wie of the asset be presented tos the Mrome satement? The pais or loss thould appedr in the of the incopne staterment to inaticain that if part of the normal oberaling activity of the fompary

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