QuesUIT U UIO 1.5/3 TI Ayayai Corp purchased a boardroom table for $15.000. The company planned to keep it for four years after which it was expected to be sold for $1.000 (a) Your answer is correct 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 $ 3500 Year 2 $ $ 3500 Year 3 $ $ 3500 1.573 15 (2) Double-diminishing balance method, Year 1 $ 7500 Year 2 $ 3750 Year 3 $ 1875 eTextbook and Media Attempts: 1 of 15 used Question Part Score 0.75/0.75 (b) Your answer is correct 1.5/3 ili (b) Your answer is correct Assuming Ayayai sold the table for $4,800 at the end of the third year,calculate the gain or loss on disposal under each depreciation method Straight-line method $ 300 Gain v Double-diminishing-balance method $ 2925 Gain e Textbook and Media Attempts: 2 of 15 used Question Part Score 0.75/0.75 (c) * Your answer is incorrect. Determine the impact on net incomp (total depreciation of the table plus any loss on disposal or less any gain on disposal) of each method over the entire three-year period Straight-line method 44250 Double-diminishing-balance method $ 13125 eTextbook and Media Save for Later Attempts: 3 of 15 used Submit Answer 0/0.75 Cunction Part Score