Charles and camilla got divorced in 2018. under the terms of the decree charles pays camilla $50,000 in cash in each of the next five years (or until camilla's death or remarriage). in addition, charles will transfer a castle worth $2,000,000 to camilla and pay $12,000 per year to support their son, clyde, until he turns 19 years old. what amount (if any) is included in camilla's gross income this year

Bayside coatings company purchased waterproofing equipment on january 2, 20y4, for $190,000. the equipment was expected to have a useful life of four years and a residual value of $9,000. instructions: determine the amount of depreciation expense for the years ended december 31, 20y4, 20y5, 20y6, and 20y7, by (a) the straight-line method and (b) the double-declining-balance method. also determine the total depreciation expense for the four years by each method. depreciation expense year straight-line method double-declining-balance method 20y4 $ $ 20y5 20y6 20y7 total $