1. Porter Company purchased equipment for $180,000 on January 1, 2001, and will use the double-declining-balance method of depreciation. It is estimated that the equipment will have a 4-year life and an $8,000 salvage value at the end of its useful life. The amount of Depreciation expense recognized in the year 2002will be (1.5 Points) $135,000 $ 90,000 $45,000 $43,000 2. On 1/1/2018 XZ Company purchased a new bus at a cost $145,000, over its 4-year useful life, with estimated useful life in miles 100,000. and residual value $15,000. if the actual miles were 27,000 in 2018, compute the depreciation expense in 2018. (1.5 Points) $34,000 $35,000 $35,100 $32,500