urgent

Sandhill Co. had the following assets on January 1.2022. During 2022, each of the assets was removed from service. The machinery was retired on danuary 1 . The forklift was sold on lune 30 for $13,920. The truck was discarded on December 31 . The company uses straight-line depreciation. All depreciation was up to date as of December 31,2021 Compute the gain or ioss for each of the asset disposals that occurred in 2022. (Hint: Be sure to update depreciation for esch asset from January 1, 2022, to disposal date) During 2022, each of the assets was removed from service. The machinery was retired on January 1 . The forklift was sold on June 30 for $13,920. The truck was discarded on December 31. The company uses straight-line depreciation. All depreciation was up to date as of December 31.2021. Compute the gain or loss for each of the asset disposals that occurred in 2022. (Hint: Be sure to update depreciation for each asset from January 1,2022, to disposal date)