Part B Property, Plant, and Equipment (PPE) Krasner Enterprises purchased equipment for $60,000 on January 1, 2015. The equipment is expected to have a five-year life. Using the straight-ine method of depreciation, compute: B1 B2 B3 Depreciation expense for 2015. Depreciation expense for 2016. The book value at December 31, 2016. Using the declining balance method of depreciation: B1A B2A B3A Depreciation expense for 2015 will be (higher/same/lower). Depreciation expense for 2019 will be (higher/same/lower). The book value at December 31, 2015 will be (higher/same/lower). On January 1, 2013, Barry Inc. purchased a commercial truck for $48,000 and uses the straight-line depreciation method. The truck has a useful life of eight years On December 31, 2015, the truck is sold for $34,000 when accumulated depreciation totals $18,000. Use the information immediately above to answer the next 4 questions. 81.1 What is the book value of the truck on the date of sale? 82.1 As a result of the sale of the truck, what amount of gain or loss should be recorded on December 31, 2015? gain / loss) 83.1 As a result of the sale of the truck, what amount will be reported on the 2015 income statement? B4.1 As a result of the sale of the truck, what amount will be reported on the 2015 statement of cash flows under Investing Activity