Use the following information from The Good Place Co. to answer the next five independent questions. On January 1, 2013, The Good Place Co. purchased a heavy duty machine having an invoice price of $36,000. The Good Place paid transportation and installation costs totaling $6,000. The machine is estimated to have a 6year useful life and a $3,000 residual value.

1. How much is depreciation expense of the year ended December 31, 2014 assuming The Good Place Co. uses Double Declining Balance Depreciation? (Round your answer to the nearest dollar. No dollar signs or commas).
2. What is the book value of the machine as of December 31, 2015 assuming The Good Place Co. uses Double Declining Balance depreciation? (Round your answer to the nearest dollar. No dollar signs or commas).
3. How much is Accumulated depreciation as of December 31, 2015 assuming The Good Place Co. uses Straight Line depreciation?
4. What is the book value of the machine as of December 31, 2016 assuming The Good Place Co. uses Straight Line depreciation?
5. Assume that The Good Place uses Straight Line Depreciation and that the machine was sold on December 31, 2016 for $10,000. Compute the amount of Gain or Loss on the disposal of the machinery. Enter any gain as a positive number, and any loss as a negative number.