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On January 2, 2021, Ivanhoe Hospital furchased a 5101.000 special radiology searner from Duify Dog hic. The ccarner has a usehial Iife of five years
On January 2, 2021, Ivanhoe Hospital furchased a 5101.000 special radiology searner from Duify Dog hic. The ccarner has a usehial Iife of five years and will have no disposal value at the end of its useful life. The straight-line methed of denreciation is used on thls scanner. Annual operating costs with thissanner are $104000 the scanner in 2021 from Duiffy Dog was a mestake, she points out that Bonita has a kcarner that wil tave lyanhoe Howpital 525 . 800 a Year in operating expenses over its four-year useful life. She notes that the new scorner will cost $119,500 and has the same capabilities as the scanner purchased last yean The hospital awees that both tcanners are of equal qualitw The new icarner will tuve no disposal value. Deaita aifrees to tay the old wanner from ivantioe Hosoital for 560.400 (4)) Assume lvanhioe Howital wetts its old scarner on Jandarv 2.2022. Calculate the gain or loss on the sale
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