need help on depreciation not sure how to find it.

At the beginning of last year (2021. Richter Condos installed a mechanised Hevator for its terants. The owner of the company. Ron Richter, recently returned from an industry equipment exhibition where he watched a computerized elevator demonstrated. He was impressed with the elevator's speed, comfort of ride and cost efficiency. Upon returning from the exhibition, he asked his purchasing apent to collect price and operating cost data on the new elevator. In addition, he asked the company's accountant to provide him with cost data on the company's elevator. This information is presented here. Old Elevator New Elevator 595.000 $159.000 0 0 Purchase price Estimated salvage value Estimated useful life Depreciation method 5 years 4 years Straight line Straight line Annual operating costs other than depreciation Variable $35.400 $10.000 Fleed 22.400 8.000 Anna IMM to watch O ii 72F other than depreciation: Variable $35,400 $10,000 Fixed 22.400 8,000 Annual revenues are $240,000, and selling and administrative expenses are $29.000, regardless of which elevator is used. If the old elevator is replaced now, at the beginning of 2022, Richter Condos will be able to sell it for $25,800 (a) Your answer is correct Determine any gain or loss if the old elevator is replaced Loss on sale $ 50200 Textbook and Media Prepare a 4-year summarized income statement for each of the following assumptions: (1) The old elevator is retained Retain Old Elevator Revenues 960000 Less costs Variable costs 141000 i Fixed costs 9600 Selling & administrative 116000 Depreciation Net Income 2) The old elevator is replaced Ser in 4 elevator is replaced Replace Old Elevator Revenues $ 960000 Less costs Variable costs 40000 1 Fixed costs 32000 Selling & administrative 116000 Depreciation Operating income 100 Less: Lots on old elevator Net Income Twithog and Media