Calor On January 5, 2018 Calvin's Cropcrushers, Inc. purchased crop crushing equipment for which the following information is wat Original cost Estimated residual value....... Useful life in years Useful life expressed in operating hours 50.200.000 $200,000 10 20.000 houn the following 1 The depreciable bass. 3,600,000 2 The annual depreciation using the straight line method 3 4 5 6 The accumulated depreciation at December 31, 2015 end of second years ir straight line (SAL) depreciation is used The book value of the equip, on Dec 31, 2010 it SiL deprecis used The depreciation for year 2020 assuming the equipment is sold on May 31, 2020 and the straight line method is used The book value of the equip. on May 31, 2020 SL deprec. is used The amount of the gain or loss (INDICATE GAIN OR LOSS and AMOUNT resulting if the equipment is sold for $2.800,000 on May 31, 2020 and S/L depreciation is used The SECOND year (2019) depreciation it double declining balance is used. The accumulated depreciation at December 31, 2019 (end of second year if double declining balance (DB) is used. 7 8 9 10 The book value of the equipment on December 31, 2019 assuming double declining balance is employed 11 The depreciation for year 2020 assuming the equipment is sold on Oct 31, 2020 and double declining balance is used. 12 13 14 15 The gain or loss (INDICATE WHICH) which would result if the equip is sold fo 2,136,667 on October 31, 2020 and DDB is used. The SECOND year (2019) depreciation if sum of the years digits is used The accumulated depreciation at December 31, 2019 (endo second year if sum of the years digitais used The book value of the equipment on December 31, 2019 assuming sum of the years digits is used The first year depreciation if units of output is used and the equip.is operated for 2000 hours in 2018. The accumulated depreciation at December 31, 2019 (end of second year) units of output is used and the equipment was operated for another 2700 hours in 2019 The book value of the equip. on December 31, 2019 if units of output is used. (Equipment operated 2900 hrs in 2018, 2700 hrs in 2019) The depreciation for year 2020 assuming the equipment is sold on September 30, 2020 and is operated for 2,300 hours in 2020 (assuming the units of output method is used) 16 17 18 19 20 The book value of the equipment assuming the facts in 19 Calculation Straight-Une Deprecation Den Eng Ace Dep Date 5-Jan-18 #ye 125i 18 2, fye Bi93 fyel 5 da731' (20 3; lo yrs 10 Vis 360 360.00 odloys X5/12 158,000 3 360 3.440 720 3,080 870 Z 9 sold for 2/40 Tossonsale (130,000) Double-declining balance Depan Date Calculation Ace Dep Sum of the years De Depp Ate Dep Date Units of Output Depp AEL Dp HV Date Calciation