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 33 The 2020 depreciation if double declining balance is used. 34 The accumulated depreciation at December 31, 2020 if double declining balance (DDB) is used. 35 The book value of the equipment on December 31, 2020 assuming double declining balance is employed. 36 The depreciation for year 2021 assuming the equipment is sold on September 30, 2021 and double declining balance is used. 37 The gain or loss (INDICATE WHICH) which would result if the equip is sold for $ 400,000 on Sept. 30, 2021 & DDB is used. 38 The 2020 depreciation if sum of the years digits is used