Oriole Productions Corp. purchased equipment on March 1, 2021, for $79,000. The company estimated the equipment would have a useful life of three years and produce 10,000 units, with a residual value of $7,000. During 2021, the equipment produced 4,000 units. On November 30.2022, the machine was sold for $18,000 and had produced 5,900 units that year. Depreciation expense 2021 2022 Total depreciation expense for two years + Loss (or - gain) on disposal = Net expense for two years