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pls help begin{tabular}{|l|r|r|r|l|l|l|l|} hline 1) & depreciation method: & straight line hline purchase date & 1/1/20 & SL =( Cost- RV) Mife hline
pls help \begin{tabular}{|l|r|r|r|l|l|l|l|} \hline 1) & depreciation method: & straight line \\ \hline purchase date & 1/1/20 & SL =( Cost- RV) Mife \\ \hline cost: & 225,000 & DDB = SL rate *2 \\ \hline estimated life: & 20 & SL Rate \\ \hline sales price & 25,000 & cost - A/D = Net Book Value \\ \hline date sold & 12/31/25 & sales price - NBV = Gain or Los \\ \hline \end{tabular} 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? c) 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 ? a) What is the depreciation expense for yr3 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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