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On January 1, 2012, Bonita Industries purchased for $684000, equipment having a useful life of ten years and an estimated salvage value of $36600. Bonita

On January 1, 2012, Bonita Industries purchased for $684000, equipment having a useful life of ten years and an estimated salvage value of $36600. Bonita has reforded monthly depreciation of the equipment on the straight line method On December 31, 2020, the equipment was sold for $155000. As a result of this sale, Bonita should recognize again of 590260 553660 $155000 $0

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