Question 4 072 points On January 1 year 1. ABC. Ltd. purchased a piece of equipment with a cost of $ 140000. The equipment has a useful life of 15 years and a residual value of $ 30000 and is being depreciated under the straight line method. The equipment was sold on July 1, year 3 for $ 60000 Calculate the gain or loss on disposal. If the amount is a gain, enter the answer as a positive amount below (i.e. 20000). If the amount is a loss, enter the answer as negative amount below i.e.-20000). Answer: 61666.67 * (-61667) Question 5 2/2 points Mustang Crushers Ltd. has crushing equipment with a cost of $ 333000. The equipment is estimated to last 18 years and to crush an estimated 155000 units during its lifetime at which time it will have an estimated residual value of $ 56000. It is to be depreciated using the units of production depreciation method. During the current year, 20000 units were crushed. Calculate depreciation expense for the crushing equipment for the current year. Round your answer to the nearest dollar