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plz show me the fomular and dont hand writing Calculate the gain or loss on the sale of the equipment under each of the three
plz show me the fomular and dont hand writing
Calculate the gain or loss on the sale of the equipment under each of the three methods. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Gain (loss) on sale 1. Straight-line $ gain 2. Diminishing-balance $ loss 3. Unit-of-production $ $ gain On December 27, 2018, Blossom Windows purchased a piece of equipment for $111,000. The estimated useful life of the equipment is either three years or 50,000 units, with a residual value of $9,000. The company has a December 31 fiscal year end and normally uses straight-line depreciation. Management is considering the merits of using the units-of-production or diminishing- balance method of depreciation instead of the straight-line method. The actual numbers of units produced by the equipment were 13,000 in 2019,20,500 in 2020, and 15,500 in 2021. The equipment was sold on January 5, 2022, for $15,000. (a) Your Answer Correct Answer Your answer is correct. Calculate the depreciation for the equipment for 2019 to 2021 under 1. the straight-line method the diminishing-balance method, using a 40% rate; and 2. 3. units-of-production (Round depreciable amount per unit to 3 decimal places, e.g. 1.252 and the final answers to O decimal places, e.g. 126.) Depreciation Expense Straight-Line Diminishing-Balance Units-of-Production 2019 $ 34000 $ $ 44400 $ 26520 2020 34000 26640 41820 2021 34000 15984 31620
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