1) Urban Outsiders has a building that originally cost $425,000. The company expects to be able to sell the facility for $278,000 at the end of its useful life. The balance of the related Accumulated Depreciation account is $113,000. The residual value of the facility is:

A. $278,000. B. $165,000. C.$147,000. D. $312,000.

2) Urban Outsiders has a building that originally cost $440,000. The company expects to be able to sell the facility for $208,000 at the end of its useful life. The balance of the related Accumulated Depreciation account is $119,000. The depreciable cost of the facility is:

A. $321,000. B. $89,000. C. $119,000. D. $232,000.

3) A company buys equipment for $72,000, expects to use it for Twelve years, and then sell it for $7,200. Using the straight-line method, the company should report annual depreciation for the equipment of:

A. $12,300. B. $10,800. C. $5,400. D. $6,000.

4) Spangle Corporation uses the unit-of-production method to estimate depreciation. The company purchased a new machine for $52,000 that will produce an estimated 370,000 units over its useful life. The estimated residual value of the machine is $5,000. What is the depreciation rate per unit?

A. $0.13 B. $1.13 C. $1.14 D. $0.14

5) A company buys a piece of equipment for $54,000. The equipment has a useful life of five years. No residual value is expected at the end of the useful life. Using the double-declining-balance method, what is the company's depreciation expense in the first year of the equipments useful life? (Do not round intermediate calculations)

A. $10,800. B. $13,500. C. $21,600. D.$27,000.