Question 12 of 24 4 Points Puzzle Group, LLC purchased machinery with a 10 year useful life on January 1, 2016 for $120,000. The machinery has no residual value. On January 1, 2020. Puzzle Group, LLC made updates to the machinery purchased on January 1, 2016. The updates cost $80,000 but they made the machinery more efficient and increased production capabilities by 259. Is this update a revenue or capital expenditure? if the book value of the machinery on January 1, 2020 (before the update) was $72.000, what is straight line depreciation on December 31, 2020? A Capital Expenditure, 533.333 B. Revenue Expenditure 512.000 C Capital Expenditure. 525.333 D. Capital Expenditure, 512.000 Beser Selection Mark for Review What's This? Part 13 of 24 u Question 13 of 24 4 Points A building that was purchased on January 1, 2010 for $370,000 was sold on January 1, 2020 for $260.000. The building was originally expected to have a useful life of 30 years. As of January 1, 2020 the building had 5108.000 of accumulated depreciation tied to it. Compute the amount of gain or loss on the sale of the building A Gain of $10,000 B. Loss of $2.000 Loss of 510.000 D. Gain of $2.000 Mark for Review What's This Part 14 of 24 14 16% 235 PM