On January $1,2019,$ Fullerton, Inc. purchased a new machine for $$180,000.$ Its estimated useful life is

eight years with an expected salvage value of $$18,000.$

Assuming double$-$declining balance depreciation, $2020$ depreciation expense is:

A$)$ $$45,000$

B$)$ $$30,375$

C$)$ $$33,750$

D$)$ $$40,500$

On January $1,2018,$ Fireside Company purchased equipment for $$172,000.$ Fireside uses straight$-$line

depreciation and estimates an eight$-$year useful life and a $$12,000$ salvage value. On December $31,$

$2022,$ Fireside sells the equipment for $$60,000.$

In recording this sale, Fireside should reflect:

A$)$ A $$6,000$ loss

B$)$ A $$24,000$ loss

C$)$ A $$12,000$ loss

D$)$ No gain or loss