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= Use the information below to answer the questions that follow. Enter your answers using digits only - no dollar signs, commas, or decimal points.
= Use the information below to answer the questions that follow. Enter your answers using digits only - no dollar signs, commas, or decimal points. The business's year-end is December 31. Cost of equipment = 180000 Useful life in years = 8 Residual value = 0 Date purchased = March 1, 2021 Date of disposal = October 31, 2023 Cash received on disposal = 125000 = What is the accumulated depreciation on the date of the disposal? A What is the book value of the equipment on the date of the disposal? A What is the amount of the gain or loss on the disposal? If a loss, start your answer with a - sign
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