On January $2,2024,$ Daeva Furniture purchased display shelving for $$8,200$ cash, expecting the shelving to remain in service for five years. Daeva depreciated the shelving on a double$-$declining$-$balance basis, with $$1,900$ estimated residual value. On September $30,2025,$ the company sold the shelving for $$2,400$ cash.

Read the requirement.

Start by calculating the depreciation expense on the shelving for $2025.$

$2025$ depreciation expense $=$

Requirement

Calculate both the depreciation expense on the shelving for $2025$ and the gain or loss on the sale in September. Also describe the impact on Daeva Furniture's balance sheet and income statement from disposal of the shelving.