Question 2 Blue Spruce Corp. purchased a boardroom table for $17,000. The company planned to keep it for four years, after which it was expected to be sold for $900. Calculate the depreciation expense for each of the first three years under the straight-line method and the double-diminishing-balance method, assuming the table was purchased early in the first month of the first year. (1) Straight-line method. Year 1 S Year 2 S Year 3 S (2) Double-diminishing-balance method. Year 1 S Year 2 S Year 3 S Assuming Blue sold the table for $5,174 at the end of the third year, calculate the gain or loss on disposal under each depreciation method. Straight-line method $ Double-diminishing-balance method $