On January 1, 2016, Raptor Electronics purchases a building for $279,000. At first, it estimated that it would last for 25 years and have a salvage value of $4,000. The company uses the straight-line method to depreciate its assets. After 4 years of depreciation (on December 31, 2019), the building has an accumulated depreciation of $44,000. Raptor Electronics revises its depreciation estimates on December 31, 2019. It now estimates the building will only last for 16 more years with a salvage value of $5,000. What is the revised yearly depreciation expense? Round to the nearest dollar. m. On December 31, 2020, Raptor Coffee sold its espresso machine for $2,500. They had bought it 5 years ago for $4,500. At the time of the sale, it has an accumulated depreciation of $1,750. 1. Is this a gain or loss? Please type gain or loss (no caps, no spaces) 2. How much is the gain or loss? Use the following numeric format 12345. Do not include positive or negative sign, dollar signs, or commas. On April 5, 2020, Raptor Restaurants purchases a walk-in refrigerator for $8,300. Using straight-line, the annual depreciation expense would ordinarily have been $600, but since the equipment was purchased on April 5th, Raptor Restaurants must apply partial-year to its depreciation expense for 2020. What should its depreciation expense be for 2020? Round to the nearest dollar. No dollar signs.