&&&&&& Question Two: - A company purchased equipment on April 1, 2020 for $160,000. It is estimated that the equipment will have a $10,000 residual value at the end of its 15-year useful life. Using the straight-line method of depreciation, the amount to be recorded as depreciation expense at December 31, 2020 is $...... &&&&&&&&&&& &&&&&&&&& Question Three: - Red Corporation sold equipment for $18,000. The equipment had an original cost of $44.000 and accumulated depreciation of $32,000. The gain or loss on disposal is $