Solve it with explanation

This assignment is due at the beginning of class on April 3. 2017. Remember that the assignment is to be handwritten -no spreadsheets or typed table will receive credit. Way Corporation disposed of the following tangible personal property assets in the current year. *Used 100 percent for business. Assume that the delivery truck is not a luxury auto. Calculate Way Corporation's 2016 depreciation expense (ignore sect 179 expense and bonus depreciation). Be sure to show your work if you want any partial credit. Two years ago, Bethesda Corporation bought a delivery truck for $30,000 (not subject to the luxury auto depreciation limits). Bethesda used MACRS 200 percent declining balance and the half-year convention to recover the cost of the truck, but it did not elect sect 179 expensing or eligible bonus depreciation. Answer the questions for the following alternative scenarios. a. Assuming Bethesda used the truck until it sold it in March of year 3, what depreciation expense can it claim on the truck for years 1 through 3? Assume that Bethesda claimed $18, 500 of depreciation expense on the truck before it sold it in year 3. What is the amount and character of the gain or loss if Bethesda sold the truck in year 3 for $17,000, and incurred $2,000 of selling expenses on the sale? Assume that Bethesda claimed $18, 500 of depreciation expense on the truck before it sold it in year 3. What is the amount and character of the gain loss if Bethesda sold the truck in year 3 for $35.000, and incurred $3,000 of selling expenses on the sale