Questions 6: In recent year, XYZ Company purchased some equipment and used different methods to depreciate them. Information concerning the equipment is summarized below: For the declining-balance method, the company uses the double-declining rate. For the units-of-activity method, total working hours are expected to be 15,000 . Actual hours of use in 20X0 was 7,200 . Required: a. Compute the amount of accumulated depreciation on each equipment at December 31,20X0 b. On June 30, 20X3, XYZ Company decided to dispose an equipment which was purchased on January 1,20X0. The proceed from sale was $60,000. Compute the gain or loss on the disposal