need help with these 3

On January 1, Year 1, Jing Company purchased office equipment that cost $34,100 cash. The equipment was delivered under terms FOB shipping point, and transportation cost was $2,100. The equipment had a five-year useful life and a $11,900 expected salvage value. Assume that ding Company earned $30,500 cash revenue and incurred $19,500 in cash expenses in Year 3. The company uses the stralght.line method. The office equlpment was sold on Docember 31, Year 3 for $16,100. What is the company's net income (loss) for Year 3 ? On January 1, Year 1, Jing Company purchased office equipment that cost $37,500 cash. The equipment was delivered under terms FOB shipping point, and transportation cost was $2,700. The equipment had a five-year useful life and a $12,700 expected salvage value. Assuming the company uses the double-declining-balance depreciation method, what are the amounts of depreciation expense and book value, respectively, that would be reported in the financial statements prepared as of December 31 , Year 3? On January 1, Year 1, Phillips Company made a basket purchase including land, a buliding and equipment for $850,000. The appraised values of the assets are $58,000 for the land, $860,000 for the building and $152,000 for equipment. Philips uses the double-declining-balance method for the equipment which is estimated to have a useful life of four years and a salvage value of $10,000. What is the depreciation expense for the equipment for Year 1 ? (Round your intermediate calculations and final answer to the nearest whole dollar amount. Round your intermediate percentages to four decimal places: ie .054231 =5.42% )