L. James Company paid $200,000 for the rights to mine lead in southeast Missouri. The cost to drill and erect a mine shaft was $2,400,000, and equipment to process the lead ore before shipment to the smelter was $1,800,000. The mine is expected to yield 2,200,000 tons of ore during the five years it is expected to be operating. The equipment has an estimated residual value of $150,000 when mining is concluded. The mine started operations on April 30,2021. In 2021,300,000 tons of ore were extracted, and in 2022 , 700,000 tons were mined. Compute the units-of-production depreciation rate for the equipment and enter your answer below. Round to the nearest cent and do not use any dollar (\$) signs when entering your answer (your answer may have decimals). Note that the problem has an error margin to ensure you are not penalized for small deviations in your answers due to rounding. Intermountain Health traded an old MRI machine for a new MRI machine from Phillips Corp. The old equipment was purchased for $1,000,000 and currently has a book value of $300,000 and a fair value of $450,000. Intermountain Health put forth the old equipment and $700,000 in cash for the new equipment to Phillips Corp. Will Intermountain Health recognize a gain or loss on this transaction? Loss Gain Intermountain Health will breakeven exactly, so there is zero gain or loss