a) what is the accumulated depreciation at the end of 2022

b) how much depreciation expense should be recorded in 2024, the year of the disposal?

c) what is the book value on the disposal date?

d) what is the gain or loss on the disposal?

Thornhill Manufacturing Inc. purhased and later sold a machine. Details relating to the machine are below. Acquisition cost $132,000 Date of purchase 1-Apr-20 Date put into use 1-May-20 Estimated useful life in years Estimated residual value $18,000 Date of disposal 1-Jul-24 Proceeds of disposal $58,000 Complete a depreciation chart for this machine and then answer the following questions