Current Attempt in Progress

On January $2,2021,$ Oriole Hospital purchased a $$110,000$ special radiology scanner from Uli Inc. The scanner has a useful life of five years and will have no disposal value at the end of its useful life. The straight$-$line method of depreciation is used on this scanner. Annual operating costs with this scanner are $$104,200.$

Approximately one year later, the hospital is approached by Blossom Technology salesperson Betty Harris, who indicates that purchasing the scanner in $2021$ from Uli was a mistake. She points out that Blossom has a scanner that will save Oriole Hospital $$25,800$ a year in operating expenses over its four$-$year useful life. She notes that the new scanner will cost $$120,100$ and has the same capabilities as the scanner purchased last year. The hospital agrees that both scanners are of equal quality. The new scanner will have no disposal value. Blossom agrees to buy the old scanner from Oriole Hospital for $$61,300.$

$($a$)$

Assume Oriole Hospital sells its old scanner on January $2,2022.$ Calculate the gain or loss on the sale.

If Oriole Hospital sells its old scanner it incurs a of $

Sheffield Company makes three models of phasers. Information on the three products is given below:

$\backslash$table$[[,$Stunner,Double$-$Set,Mega$-$Power$],[$Sales$,$$$305,000,$$$457,500,$$$190,625$