29. On June 30, 2017, Zoogle Corporation disposes of all the o purchased on January 1, 2017. The original cost of this equipment was depreciation is described in question 28 (straight-line over five years with 5100 estimated residual value). If Zoogle receives $1,360 cash for the office equipment at the time of disposal, what amount of gain or loss on disposal will be reported on the income statement for June 20177 A) $180 loss. B) $80 loss. C) $80 gain. D) $180 gain office equipment that had been $1,300 and the 30. Zoogle bought a used truck on July 1 for $57,000. It then paid $4,000 to have the truck's engine replaced, which significantly extended the truck's life. The truck is now expected to run for 10 years or 100,000 kilometres. After this time, the truck is expected to sell for $5,000. Zoogle drove the truck for the last half of the year, but it still accumulated 10,000 kilometres. If the units-of-production method is used, how much depreciation will be recorded for the period from July 1 - December 31? A) $2,750 B) $2,800 C) $5,500 D) $5,600 31. On July 1, 2017, Zoogle Corporation hired an employee at a pay rate of $10 per hour. The employee is paid on the last day of each month for the hours worked to that point in time. At the end of July, Zoogle paid the employee for 200 hours of work, but withheld $400 for income tax, $30 for employment insurance (ED), and $78 for Canada pension plan (CPP) contributions. Given this information, what total amount of expense should Zoogle report in July 2017 for employee and employer payroll costs relating to this employee? A) B) c) $1,492 $2,000 $2,120 $2,136 D) 32. On the second last day of the year, Zoogle's asset turnover ratio is 1.4, based on average total assets of $100,000. Which of the following transactions or year-end adjustments would cause Zoogle's asset turnover ratio to increase? A) Zoogle buys on account $5,000 of building materials to be used to construct a kennel. B) Zoogle grants a $200 sales allowance to a customer. C) Zoogle records $200 of depreciation on equipment it owns. D) None of the above