Novak Corporation purchased a boardroom table for $16,000. The company planned to keep it for four years, after which it was expected to besolif for $1.000 (a) Your answer is correct. Calculate the depredation expense for esch of the first three years under (1) the straight-fine method, and (2) the doubiediminishing balance method, assuming the company purchased the table early in the first monthot the fir (1) Straight-line method: Year 1 rear 2 Year3 (2) Double-diminishing-balance method. Year 1$ Year 2$ Year 3 Assuming Novak sold the table for $5,800 at the end of the third year, calculate the gain or loss on disposal under each depreclation method: Straight-line method Double-diminishing-balance method eTextbook and Media Determine the impoct 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 Attempts: unlimited (d) The parts of this question must be completed in order. This part will be avallable when you complete the part above