1-17.03 Review the following financial statement disclosures relating to a particular item of equipment, and answer the questions that follow by using the pick-lists accessible by clicking in the boxed areas. Correct choices will turn the cells green. Equipment $ 410,000 Less: Accumulated depreciation (150,000) 260,000 Note: The equipment is 3 years old, with a 7-year original service life, and depreciated by the straight-line method. How much is the net book value? >>>> What is the asset cost? >>>> How much is annual depreciation expense? >>>> How much is salvage value? >>>> How much is the original depreciable base? >>>> 00000 How much is the net book value? >>>> O $410,000 $60,000 $260,000 $50,000 Question 2 What is the asset cost? >>>> $150,000 $350,000 $410,000 $260,000 Question 3 How much is annual depreciation expense? >>>> $350,000 $250,000 $410,000 $50,000 1 pts 1 pts Question 4 How much is salvage or residual value? O $60,000 $50,000 $260,000 O $360,000 Question 5 How much is the original depreciable base or depreciable cost or depreciable value? >>>> $250,000 $260,000 O $350,000 O $50,000 1 pts 1 pts