Please explain the correct approach for solving this general accounting question.

On January 1, 2012,Toyota Corporation purchased for $1,248,000, equipment having a useful life of eight years and an estimated salvage value of $96,800. Toyota has recorded monthly depreciation of the equipment on the straight-line method. On December 31, 2018, the equipment was sold for $265,000. As a result of this sale, Toyota should recognize a gain of___.

What is the number of widgets the firm must sell?

John Inc. doubled its amount of assets from the beginning to the end of the year. Liabilities at the end of the year amount to $370,000, and owner's equity is $55,000. What is the amount of John's assets at the beginning of the year?

John Inc. doubled its amount of assets from the beginning to the end of the year. Liabilities at the end of the year amount to $370,000, and owner's equity is $55,000. What is the amount of John's assets at the beginning of the year? Help

I am looking for the correct answer to this general accounting question with appropriate explanations.

I need assistance with this general accounting question using appropriate principles.

In applying the high-low method, what is the unit variable cost?

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