Question 1 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, assuming a December 31 year-end (use comma in numbers, one thousand is 1,000, not 1000. NO decimal point, NO $ sign): 2017 depreciation expense 2018 depreciation expense 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 in numbers, one thousand is 1,000, not 1000. NO decimal point, NO $ sign. Nom: Win Gifte is a sin, Lify lo, N'Aito pin no loss 2 use cam in matbere, but this is 1,00,000 ND decimal point. NOSS. Will wax lasing na. CATAN How much 1 1 4 4 4 1 tr Gain 13ow in Cisin or los swine