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? # 1. During 2010, Noller Co. sold equipment that had cost $98,000 for $58,800. This resulted in a gain of $4,300. The balance in Accumulated Depreciation—Equipment was $325,000 on January 1, 2010, and $310,000 on December 31. No other equipment was disposed of during 2010. Depreciation expense for 2010 was:

? # 2. On January 1, 2010, the Accumulated Depreciation—Machinery account of a particular company showed a balance of $370,000. At the end of 2010, after the adjusting entries were posted, it resulted balance of $395,000. During 2010, one of the machines which cost $125,000 was sold for $60,500 cash. This resulted in a loss of $4,000. Assuming that no other assets were disposed of during the year, how much was depreciation expense for 2010?

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1 Cost of Equipment
Sale price of equipment
Gain on sale of Equipment
Accumulated depreciation $98,000.00
$43,500.00 Depreciation expense for 2010

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