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Question 16 (5 points) Lauren owns a pizza shop that specializes in gluten free pizza. She purchases a pizza oven on 1/1/2020 for $80,000. The
Question 16 (5 points) Lauren owns a pizza shop that specializes in gluten free pizza. She purchases a pizza oven on 1/1/2020 for $80,000. The oven has a useful life of 7 years with a $10,000 salvage value. The company uses straight line method. What gain or loss would she record if she sells the oven after using it for two years on 12/31/2021 for $40,000? $10,000 gain $20,000 loss $40,000 gain $20,000 gain
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