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Depreciation; gains and losses in financial statements In 2013. Amalfi, Inc. purchased equipment with an...

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Accounting

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Depreciation; gains and losses in financial statements In 2013. Amalfi, Inc. purchased equipment with an estimated 10-year life for $42.600. The residual value was estimated at $9.900. Amalfi uses straight-line depreciation On April 1, 2015, Amalf closed one of its plants and sold this equipment for $33,600. Under these assumptions, compute the following for this equipment: (a) Annual Depreciation expense (b) Accumulated Depreciations at the date of sale in 2015 (c) Book value at the date of sale in 2015 (d) Gain or loss on the sale in 2015 (use minus sign before the value if it is a loss)

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