c. Zeppo Company has a net income of $15,000 in 2017 and $10,000 for 2018. d. Zeppo Company sells a piece of equipment with a book value of $8,000 to Black Jack Corporation for $13,000 on January 2,...

c. Zeppo Company has a net income of $15,000 in 2017 and $10,000 for 2018.

d. Zeppo Company sells a piece of equipment with a book value of $8,000 to Black Jack Corporation for $13,000 on January 2, 2017. The machine has an estimated future life of five years, and straight-line depreciation is being used.