Unit	Total	Units
Units	Cost	Cost	Sold
Beginning inventory	25	$4	$100
Purchase on Apr 25	41	5	205
Purchase on Nov 16	17	10	170
Sales	45	?	?

Bluefish uses a FIFO inventory system. Cost of goods sold for the period is?

On October 1, 2012, Freedom Communications purchased a new piece of equipment that cost $35,000. The estimated useful life is five years and estimated residual value is $8,000. Freedom uses the straight-line method of depreciation. Assume that Freedom sells the equipment for $22,400 on October 1, 2016. The result of the sale of the equipment is a gain (loss) of

Assume Freedom Communications purchased a new piece of equipment on January 1, 2012 that cost of $35,000. The estimated useful life is five years and estimated residual value is $8,000.

If Freedom uses the straight-line method for depreciation, what is the asset's book value at the end of 2013?