19 Deary, 2015, Minco Crepeat purchased Bar 300.000, sights and neitimated slag var 1000 Min my he per the straight Onry 1, 2000, the equipment tot of this le Minceur & S. 1. The Fidel Campony pred machine. See the machine was stimated to have a whole of five you that 5.000 File has recently depreciation in the relateret. $2.500 19. Tuo tematike metode of conting for the cost of oil and opereshewhewy The method the capitalull.com with the els wel full.com specific method 17. On January 1, 2015, Minco Corporation purchased, for $100,000, equipment having a useful life of eight years and an estimated salvage value of $4,000. Minco has recorded monthly depreciation of the equipment on the straight-line method. On January 1, 2020, the equipment was sold for $39,000. As a result of this sale, Minco should recognize a. $0 b. a $1,500 gain c. a $1,000 loss d. a $13,000 loss 18. The Fisher Company purchased a machine on October 1, 2018, for $80,000. At the time of acquisition, the machine was estimated to have a useful life of five years and an estimated salvage of $5,000. Fisher has recorded monthly depreciation using the straight-line method. On April 1, 2020, the machine was sold for $50,000. What should be the loss recognized from the sale of the machine? a. $0 b. $2,500 c. $5,000 d. $7,500 19. Two alternative methods of accounting for the cost of oil and gas properties have been widely used. The method that capitalizes all costs associated with all wells is the a. successful-efforts method b. full-cost method c. variable-cost method d. specific-cost method