Question 6 Culver Corporation purchased a boardroom table for $17,360. 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 Year 2 Year 3 (2) Double-diminishing-balance method Year 1 Year 2 Year 3 Assuming Culver sold the table for $5,341 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