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Depreciation; Gains and Losses in Financial Statements

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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 and applies the half-year convention.
On April 18,2015,Amalfi closed one of its plants and sold this equipment for $33,600.Under these assumptions,compute the following for this equipment: 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 and applies the half-year convention. On April 18,2015,Amalfi closed one of its plants and sold this equipment for $33,600.Under these assumptions,compute the following for this equipment:

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