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Problem #5 On January 2, 2018 Bobby Wino, Inc. purchased a mondo grande laserized pizza oven for which the following information is available: Original cost.
Problem #5 On January 2, 2018 Bobby Wino, Inc. purchased a mondo grande laserized pizza oven for which the following information is available: Original cost. Estimated residual value...... Useful life in years.......... Useful life expressed in operating hours Operating hours of usage Operating hours of usage Operating hours of usage Operating hours of usage $750,000 $30,000 8 years 24,000 hours 3,200 hours 3,100 hours 2,900 hours 2,600 hours 2018 2019 2020 2021 44 The book value of the equip. on December 31, 2020 assuming the units of output method is used 45 The depreciation for year 2021 assuming the equipment is sold on September 30, 2021 and the units of output method is used 46 The book value of the equipment as of Sept. 30, 2021 assuming the units of output method is used 47 The gain or loss (INDICATE WHICH) which would result if the equip is sold for $ 400,000 on Sept. 30, 2021 assuming the units of output method is used
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