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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 39 The accumulated depreciation at December 31, 2020 assuming sum of the years digits is used. 40 The book value of the equipment on December 31, 2020 assuming sum of the years digits is used. 41 The gain or loss (INDICATE WHICH) which would result if the equip is sold for $ 355,000 on Sept. 30, 2021 assuming sum of the years digits is used. 42 The 2018 depreciation if units of output is used 43 The accumulated depreciation at December 31, 2020 assuming the units of output method is used
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