Adelphi company purchased a machine on january 1, 2017, for $70,000. the machine was estimated to have a service life of ten years with an estimated residual value of $5,000. adelphi sold the machine on january 1, 2021 for $24,000. adelphi uses the double declining method for depreciation. using this information, how much is the gain or (loss) for the equipment sale entry made on january 1, 2021. enter a loss as a negative number.

Mauro products distributes a single product, a woven basket whose selling price is $15 and whose variable expense is $12 per unit. the company’s monthly fixed expense is $4,200. required: 1. solve for the company’s break-even point in unit sales using the equation method. 2. solve for the company’s break-even point in dollar sales using the equation method and the cm ratio. (do not round intermediate calculations. round "cm ratio percent" to nearest whole percent.) 3. solve for the company’s break-even point in unit sales using the formula method. 4. solve for the company’s break-even point in dollar sales using the formula method and the cm ratio. (do not round intermediate calculations. round "cm ratio percent" to nearest whole percent.)