Mondale Winery depreciates its equipment using the group method. The cost of equipment purchased in 2013 totaled $425,000. The estimated residual value of the equipment was $40,100 and the group depreciation rate was determined to be 28%. (a) What is the annual depreciation for the group? (Omit the "$" sign in your response.) Depreciation $672 8 (b)If equipment that cost $43,900 is sold in 2014 for $36,000, what amount of gain or loss will the company record in the accumulated depreciation account? (Input the amount as positive value. Omit the "$" sign in your response.) Loss in accumulate $43,228 depreciation Ask vour instructor a