n January $1,2022,$ Frame Industries purchased a delivery vehicle costing $$17,480.$ The

vehicle has an estimated $6-$year life and a $$1,800$ residual value.

Frame uses the units$-$of$-$production depreciation method and Frame estimates that the vehicle

will be driven $98,000$ miles. What is the vehicle's book value as of December $31,2023,$

assuming the vehicle was driven $11,200$ miles during $2022$ and driven $19,200$ miles during

$2023?$

Note: Do not round your intermediate calculations.

A$)$ $$12,653.$

B$)$ $$10,853.$

C$)$ $$10,816.$

D$)$ $$12,616.$

$50)$ On December $31,2022,$ Hamilton Incorporated sold a used industrial crane for $$1,060,000$

cash. The original cost of the crane was $$5\mathrm{.}30$ million and its accumulated depreciation

equalled $$4\mathrm{.}35$ million on December $31,2022.$ What is the gain or loss from the December

$31,2022$ equipment sale?

A$)$ $$110,000$ gain

B$)$ $$950,000$ loss

C$)$ $$950,000$ gain

D$)$ $$110,000$ loss

$51)$ Locust Company disposed of an asset at the end of the eighth year of its estimated life for

$$34,000$ cash. The asset's life was originally estimated to be $10$ years. The original cost was

$$126,800$ with an estimated residual value of $$14,300.$ The asset was being depreciated using

the straight$-$line method. What was the gain or loss on the disposal?

A$)$ $$2,800$ loss.

B$)$ $$34,000$ gain.

C$)$ $$22,750$ gain.

D$)$ $$11,500$ loss.