What are the explanations for the answers to these questions?

46) A

47) C

46. A company purchased equipment on April 1, 2017, for $96,000. The equipment will have a $12,000 salvage value at the end of its 10-year useful life. Using the straight-line method of depreciation, the amount to be recorded as depreciation expense at December 31, 2017, is a. $6,300. b. $7,200. c. $8,400. d. $9,600. 47. A company sells for $70,000 a plant asset with an original cost of $200,000. Its accumulated depreciation was $90,000 when sold. The company recognizes a a. $70,000 gain on disposal. b. $130,000 loss on disposal. c. $40,000 loss on disposal. d. $20,000 loss on disposal