Sabel Company purchased assembly equipment for $851,000 on January 1 , Year 1 . abel's financial condition immediately prior to the purchase is shown in the following horizontal statements model. The equipment is expected to have a useful life of 370,000 miles and a salvage value of $37,000. Actual mileage was as follows: Required a. Compute the depreciation for each of the five years, assuming the use of units-of-production depreciation. b. Assume that Sabel earns $247,000 of cash revenue during Year 1. Record the purchase of the equipment and the recognition of the revenue and the depreciation expense for the first year in the following financial statements model. revenue and the depreciation expense for the first year in the yedr for $39,300. Calculate the amount of gain or loss on the sale