On July $1,2024,$ Table Co$.$ purchased a new piece of equipment for $$150,000.$ The equipment had an expected useful life of five

years, and an expected residual value of $$30,000.$ The company expected that in those five years, the machine would operate for

$2,000$ hours.

The company has a fiscal year end of December $31.$

On September $30,2026,$ the company sells the equipment for $$100,000.$

The machine actually operated for the following hours:

$2024200$ hours

$2025500$ hours

$2026400$ hours

Required:

Fill in the following table:

Straight Line Units of Production Double D$.$ Balance

$2024$ Depreciation exp

$2025$ Depreciation exp

$2026$ Depreciation exp

Book Value on Date of Sale

Gain$/$Loss on Sale