1.The beginning balance of PP&E is $50,000 in 2014 and the beginning balance is shown as $80,000 in 2015 .
2. The firm sold old PP&E at received cash of $25,000 and the accumulated depreciation was associated to the sold of PP&E was $5,000.
3. At the beginning of the year, the firm purchased new euipment. The total cost related related to the new purchase wa $70,000 and 40,000 was paid in issuing note payable.
Question 1. What would be the amount of loss of the sold old PP&E?
Question 2. What would be the adjusted balance in 2015? Or it would remain $80,000?