1 pts D | Question 4 On January 1, 2018, Rubens Company made a basket purchase including land, a building and equipment for $380,000. The appraised values of the assets are $20,000 for the land, $340,000 for the building and $40,000 for equipment. Rubens uses the double declining balance method of depreciation for the equipment which is estimated to have a useful life of five years and a salvage value of $5.000. For 2018, the depreciation expense on the equipment is $9,120 $15,200 $13,200 $7,600 D | Question 5 1 pts On January 1, 2017, Rowley Company purchased a truck that cost $22.000. The truck had an expected useful life of 5 years and a $4,000 salvage value. The amount of depreciation expense recognized in 2018 assuming that Rowley uses the double declining balance method is: $7.200 $4,320 O $5,280