Part B: Tweed Co. has delivery equipment that cost $68,000 and has been depreciated $18,000. Instructions Record the gain or loss under the following assumptions Note: 1. Write G if there is a gain, L if a loss, N/A if no gain no loss. 2. use comma numbers, one thousand is 1,000, not 1000. NO decimal point, NO $ sign. (a) It was scrapped as having no value. Gain or Loss How much (b) It was sold for $61,000. Gain or Loss How much (c) It was sold for $44.000. Gain or Loss Screenshot How much Wan Company purchased a new machine on October 1, 2017, at a cost of $100,000. The company estimated that the machine has a salvage value of $4,000. The machine is expected to be used for 8-years. Instructions Compute the depreciation expense under the straight-line method for 2017 and 2018, assurring a December 31 year-end (use comma in numbers, one thousand is 1,000, not 1000. NO decimal point, NO $ signi): 2017 depreciation expense 2018 depreciation expense Part B: Tweed Co. has delivery equipment that cost $68,000 and has been depreciated $18,000 Instructions Rccord the gain or loss under the following assumptions Note: 1. Write G if there is a gain, L. it a loss, N/A if no gain no loss. 2. use comma numbers, one thousand is 1,000, not 1000. NO decimal point, NO $ sign. (a) It was scrapped as having no value. Gain or Loss How much (b) It was sold for $61,000 Gain or Loss Screenshot