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Exercise 9-6 a-d Concord Corporation purchased a boardroom table for $17,600. The company planned to keep it for four years, after which it was expected to be sold for $980. X Your answer is incorrect. Try again. Calculate the depreciation expense for each of the first three years under the straight-line method and the double-diminishing-balance method, assuming the table was purchased early in the first month of the first year. (1) Straight-line method: Year 1 Year 2 Year 3 (2) Double-diminishing-balance method: Year 1 Year 2 Year 3 LINK TO TEXT LINK TO TEXT x Your answer is incorrect. Try again. Assuming Concord sold the table for $5,327 at the end of the third year, calculate the gain or loss on disposal under each depreciation method. Straight-line method Double-diminishing-balance method HA x Your answer is incorrect. Try again. Determine the impact on net income (total depreciation of the table plus any loss on disposal or less any gain on disposal) of each method over the entire three-year period. Straight-line method Double-diminishing-balance method LINK TO TEXT LINK TO TEXT