Depreciation; gains and losses in financial statements
In 2010, 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, 2012, 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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The Answer of Depreciation; gains and losses in financial statements
In 2010, 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, 2012, 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