Use the information below for questions 10-16 On January 1, 2019 Joe Pepperoni purchased a new pizza oven for his restaurant costing $60,000. The equipment will have a salvage value of $10,000 at the end of its useful life of 5 years or total estimated usage of 100,000 hours. The oven was used for 22,000 hours In 2019, 24,000 hours in 2020 and 20,000 hours in 2021 and then sold it at the beginning of 2022 for $28,000. What was the accumulated depreciation on the equipment at the end of 2021, assuming Joe used straight-line depreciation? $10,000 O $20,000 $30,000 $40,000 What was the book value of the asset at the end of 2021? A. $10,000 OB. $20,000 OC. $30,000 D. $40,000 What is the result of the sale of the equipment, assuming Joe used straight line depreciation? $1,000 Gain $1,000 Loss $2,000 Gain $2,000 Loss What was the depreciation expense for 2019, assuming Joe used units of production? O $10,000 $11,000 $12,000 $24,000 What was the accumulated depreciation at the end of 2021, assuming Joe used units of production? $49,000 $33,000 $30,000 $27,000 What was the book value of the equipment at the end of 2021, assuming Joe used units of production? $49,000 $33,000 $30,000 $27,000 What is the result of the sale of the equipment, assuming Joe used units of production? $1,000 Gain $1,000 Loss $2,000 Gain $2,000 Loss