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10 points QUESTION 4 Save Answer In 2018 Vickers Company purchased equipment for $140,000 and recorded $20,000 in depreciation expense. How does the recording of
10 points QUESTION 4 Save Answer In 2018 Vickers Company purchased equipment for $140,000 and recorded $20,000 in depreciation expense. How does the recording of the equipment purchase and the depreciation expense affect the statement of cash flows? Cash flow for operating activities ($20,000); cash flow for investing . activities ($140,000) B. Cash flow for investing activities ($160,000) C. Cash flow for operating activities ($140,000) D. Cash flow for investing activities ($140,000) 10 points QUESTION 5 Save Answer On January 1, 2018, Golden Company purchased a delivery truck for $64,000. The van was estimated to have a 5-year useful life or 100,000 miles. Salvage value was estimated at $4,000. The van was driven 25,000 miles in 2018 and 22,000 miles in 2019. Which of the following is an incorrect statement? Depreciation expense for 2018 using the units-of-production method is . $15,000 Depreciation expense for 2019 using the units-of-production method is . $13,200 Depreciation expense for 2019 using the units-of-production method is . $13,200. Depreciation expense for 2019 using the double-declining balance D. method is $14,400
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