The last section is a summary of the effect of the three depreciation methods used above it. You will have to key in the selling price of the asset to determine the gain or loss on the sale. The last row is the total depreciation expense for the entire time of ownership plus or minus the effect of the gain(loss) on the sale. All three numbers should be the same.

4. Complete the following table assuming the asset was sold for $32,000 at the end of year 4 . 4. Complete the following table assuming the asset was sold for $32,000 at the end of year 4