Yogo, Inc. purchase a computer on January 1, 2025 for $6,000. An additional $200 was paid for delivery charges. The computer was estimated to have a 5-year or a 10,000-hour life. Salvage value was estimated at $1,400. The computer was used for the following number of hours (see below).

Requirements:

1. Compute depreciation expense, accumulated depreciation, and book value for the life of the computer using the methods shown below.

2. Using the straight-line method amounts, assume Yogo sells the computer on January 1, 2029 for $650. What would be Yogo's gain or loss?

a. Straight-Line b. Units-of-Production (Cost per Unit) (Cost per Unit) Sold for $650 on January 1, 2029 - Gain or Loss amount 2025 2026 2027 2028 2029