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Please answer all parts of the question to be rated: 1) depreciation method: straight line purchase date 1/1/2020 cost: $ 225,000.00 estimated life: 20 sales

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1) depreciation method: straight line purchase date 1/1/2020 cost: $ 225,000.00 estimated life: 20 sales price $ 25,000.00 date sold 12/31/2025 a) What is the depreciation expense for yr 20 using the straight-line method? b) What is the net book value of the equipment at the end of year 15? c) Calculate gain/loss on sale of equipment. d) What is the account balance in accumulated depreciation at the end of yr 20? e) What is the depreciation expense for yr 1 using the double declining method? f) Assuming the equipment was purchased on June 1, 2020 and sold on 12/31/2025, what is the gain or loss on sale ? 2) depreciation method: straight line purchase date 8/1/2020 cost: $ 20,000.00 estimated life: 5 sales price $ 1,000.00 date sold 12/31/2025 a) What is the depreciation expense for yr 3 using the straight-line method? b) What is the net book value of the equipment at the end of year 2? c) Calculate gain/loss on sale of equipment. d) What is the account balance in accumulated depreciation on 12/31/2023

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