Depreciation; Gains and Losses in Financial Statements
in 2010, Amalfi

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:
$$\begin{array} { | l | l | } \hline \text { (a) Depreciation expense in 2010 } & \$\underline{\quad\quad} \\\hline \text { (b) Depreciation expense in } 2011 & \$\underline{\quad\quad} \\\hline \text { (c) Depreciation expense in 2012 } & \$ \underline{\quad\quad}\\\hline \text { (d) Book value at the date of sale in } 2012 & \$\underline{\quad\quad} \\\hline \text { (e) Gain or loss on the sale in } 2012 & \\\hline \text { (underline the correct term) } & \$ \underline{\quad\quad}\\\hline\end{array}$$