Company RNR had a small machine that it purchased on 1/4/2018. The machine had a useful life of 6 years, and a salvage value of $ 5,000. On 31/12/2020, the balance sheet for RNR shows accumulated depreciation of $ 20,625. If the company uses the straight line depreciation method, what was the purchase cost of this machine? (Note: write your answer as a number only, with no commas or signs. If your answer is $ 1,000, write it as 1000). Answer: Question 19 Not yet answered Marked out of 100 Flag question Lalaland Company purchased equipment, on 1/1/2012. The cost was $90,000, with 10 years useful life, and NO salvage value. On 1/1/2018, the company exchanged its old equipment for new equipment. Lalaland paid $36,000 cash in the trade. The old equipment that was traded had a fair value of $54,000. The transaction has commercial substance, and the company uses SLM method for depreciation Required: Calculate the gain the company recorded on this transaction? (Note: write your answer as a number only, with no commas or signs. If your answer is $ 1,000, write it as 1000). Answer: son