QUESTION 5 15 poin PPE depreciation and disposal: (1) On June 30, 2021, a company sold an old equipment for $24,000. The equipment originally cost $36,000 and had accumulated depreciation to the date of disposal of $15,000. Determine gain or loss from the disposal and Prepare the journal entry on the date of sale . (2) On May 12, Green Co. purchased for $1,620,000 a tract of land on which a warehouse and office building was located. The following data were collected concerning the property: Current Assessed Valuation Vendor's Original Cost Land $600,000 $550,000 Warehouse 400,000 370,000 Office Building 800,000 680,000 $1,800,000 $1,600,000 What are the appropriate amounts that Mooney should record for the land, warehouse, and office building, respectively? (3) Silver Inc. purchased equipment for $510,000 which was estimated to have a useful life of 10 years with a salvage value of $10,000 at the end of that time. Depreciation has been recorded for 7 years on a straight-line basis. In 2020 (year 8), it is determined that the total estimated life should be 15 years with a salvage value of $5,000 at the end of that time. Calculate the depreciation expense for 2020. TT TT Paragraph v Arial 3 (12pt) E - E . T . X D D Q E 3 3 T' T, fx >Mashups