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 = 36000 Useful life in years = 4 Residual value = 0 Date purchased = April 1, 2021 Date of disposal = September 30, 2023 Cash received on disposal = 15000 What is the accumulated depreciation on the date of the disposal? . What is the book value of the equipment on the date of the disposal? What is the amount of the gain or loss on the disposal? If a loss, start your answer with a - sign. Question 11 (2 points) At the end of the year, Bryce Company's accounting records showed that they had 175 items in stock at a FIFO cost of $15 each. These normally sell for $20 each. Due to increased competition, these items can now be sold for only $10 each. What is the amount of an adjustment, if any, that must be made to the value of the inventory at year-end? Enter digits only, with no commas, decimal points, or dollar signs. Type O if no adjustment is needed. Previous Page Next Page Page 11 of 22