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What was the accumulated depreciation expense

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A delivery van was purchased for 30 000 on july 1, 2014. it was depreciated on a straight-line basis for 3.5 years prior to being sold on december 31 2017, for $8,000. it has a salvage value of 3,000. assume its life for depreciation purposes is 5 years.

Question 1. What is the depreciation expense for 2014?

Question 2. What was the accumulated depreciation expense over the life of the van prior to the sale?

Question 3. What was the gain or loss?

Reference no: EM132643599

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