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what is the answer to c please ent Question 2 of 3 1/2 III Current Attempt in Progress Indigo Corporation purchased a boardroom table for

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ent Question 2 of 3 1/2 III Current Attempt in Progress Indigo Corporation purchased a boardroom table for $15,000. The company planned to keep it for four years, after which it was expected to be sold for $1.000. (a) Your answer is correct Calculate the depreciation expense for each of the first three years under the straight-line method and the double-diminishing- balance method, assuming the table was purchased early in the first month of the first year. (1) Straight-line method Year 1 3500 Year 2 $ 3500 Year 3 $ 3500 (2) Double-diminishing-balance method. for gro...rtf Question 2 of 3 1/2 (2) Double-diminishing-balance method. Year 1 $ 7500 Year 2 $ 3750 Year 3 1875 e Textbook and Media Attempts: 4 of 15 used (b) Your answer is correct Assuming Indigo sold the table for $7,800 at the end of the third year, calculate the gain or loss on disposal under each depreciation method. 3300 Gain Straight-line method Interviews for gro... Question 2 of 3 1/2 Assuming Indigo sold the table for $7,800 at the end of the third year, calculate the gain or loss on disposal under each depreciation method. $ 3300 Gain Straight-line method Double-diminishing-balance method $ 5925 Gain eTextbook and Media Attempts: 4 of 15 used (c) x Your answer is incorrect. Determine the impact on net income (total depreciation of the table plus any loss on disposal or less any gain on disposal of each method over the entire three-year period. $ 500 Straight-line method Double-diminishing-balance method $ 5925 . Interviews for grott

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