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ABC Co has equipment that was purchased in 2020 costing $30,000. The equipment has no salvage value and a 5 year useful life. The current

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ABC Co has equipment that was purchased in 2020 costing $30,000. The equipment has no salvage value and a 5 year useful life. The current balance in accumulated depreciation is $24,000. ABC sells the equipment for $8,000 cash. What is the amount of the gain, if any, on the disposal of the equipment? ABC Co has equipment that was purchased in 2020 costing $30,000. The equipment has no salvage value and a 5 year useful life. The current balance in accumulated depreciation is $24,000. ABC sells the equipment for $3,000 cash. What is the amount of the loss, if any, on the disposal of the equipment? ABC Co has equipment that was purchased in 2023 costing $30,000. The equipment has no salvage value and a 100,000 mile useful life. ABC uses the units of production method of depreciation. What is the depreciation expense per mile

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