Use the information below to answer the questions that follow. Enter your answers using digits only - no dollar signs, commas, or decimal points. The business's year-end is December 31. Cost of equipment = 120000 Useful life in years = 10 Residual value = 0 Date purchased - February 1, 2021 Date of disposal = October 31, 2023 Cash received on disposal = 85000 What is the accumulated depreciation on the date of the disposal? A/ What is the book value of the equipment on the date of the disposal? A/ What is the amount of the gain or loss on the disposal? If a loss, start your answer with a - sign. . Residual value = 0 Date purchased = February 1, 2021 Date of disposal = October 31, 2023 Cash received on disposal = 85000 What is the accumulated depreciation on the date of the disposal? A/ What is the book value of the equipment on the date of the disposal? A/ What is the amount of the gain or loss on the disposal? If a loss, start your answer with a - sign. Use the information below to answer the questions that follow. Enter your answers using digits only - no dollar signs, commas, or decimal points. The business's year-end is December 31. Cost of equipment = 150000 Useful life in years - 20 Residual value = 6000 Date purchased - October 1 What is the depreciation expense per year? What is the depreciation expense per month? What is the depreciation expense in the year of purchase? At the end of the year, Bryce Company's accounting records showed that they had 175 items in stock at a FIFO cost of $15 each. These normally sell for $20 each. Due to increased competition, these items can now be sold for only $10 each. What is the amount of an adjustment, if any, that must be made to the value of the inventory at year-end? Enter digits only, with no commas, decimal points, or dollar signs. Type O if no adjustment is needed. w be soldf AN Page 14 of 22 Next Page