Question: Lundstrom Ltd . ( LL ) has a December 3 1 year end. The company purchased a piece of equipment on June 2 2 ,

Lundstrom Ltd.(LL) has a December 31 year end. The company purchased a piece of equipment on June 22,2020, at a cost of $450,500. LL's management estimated that this piece of equipment would have a useful life of 5 years and a residual $30,500.
LL uses the straight-line method for depreciating its manufacturing equipment.
The amount of on disposal $
Lundstrom Ltd.(LL) has a December 31 year end. The company purchased

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