2:09 1 Chapter 9Assignment-Q Stan's Lumber Mill sold two pieces of equipment in 2022. The following information pertains to the two pieces of equipment: Useful Salvage Depreciation Purchase Sales Machine Value Straight-line #2 Cost #1 $86,000 Method Instructions 7/1/22 $95,000 Double-declining- balance Date 7/1/18 Date Sold 5 yrs. $20,000 1/1/21 12/31/22 5 yrs. $37,000 Life Price il 4G $6,000 $5,000 (a) Compute the depreciation on each piece of equipment to the date of disposal. (b) Compute the gain/losses on each piece of equipment on the date of disposal

Stan's Lumber Mill sold two pieces of equipment in 2022. The following information pertains to the two pieces of equipment: Instructions (a) Compute the depreciation on each piece of equipenent to the date of disposal. (b) Compute the gain/losses on each piece of equipment on the date of disposal Stan's Lumber Mill sold two pieces of equipment in 2022. The following information pertains to the two pieces of equipment: Instructions (a) Compute the depreciation on each piece of equipment to the date of disposal. (b) Compute the gain/losses on each piece of equipment on the date of disposal