16. BTL Company purchased a tractor at a cost of $60,000 on January 1, 2013. The tractor has an esidual value of $10,000 and an estimated life of 8 years. If BTL uses the staigmen estimated r netnod of depreciation, what is the book value at January 1, 2017? A) $35,000 B) $25,000 C) $41,250 D) $40,000 17. On January 1, 2013, Mendez Inc. acquired a new machine for $93,375. Its estimated useful life is nine years with an expected residual value of $3,375. Assuming straightline depreclabion. 2013 depreciabon expense is A) $7,875 B) $8,250 C) $9,500 D) $10,000 January 1, 2013, Global, Inc. purchased a new machine for $80,000. Its estimated useful life is eight years with an expected residual value of $6,000. Assuming double-decining balance depreciation, 2013 depreciation expense is: A) $ 7,500 B) $ 6,750 C) $18,500 D) $20,000 19. On January 1, 2012, Voss Company purchased equipment for $86,000. Voss uses straight-Hine On December 31, depreciation and estimates an eight-year useful life and a $6,000 residual value 2016, Voss sells the equipment for $30,000. In recording this sale, Voss should reflect A) A $3,000 loss B) A$12,000 loss C) A $6,000 loss D) No gain or loss 20. On Jan 1, 2015, Voss company paid $100.000 to retire their Bonds Payable. On that date, the Bonds Payable had a balance of $100,000 and Discount of Bonds Payable had a balance of $10,000. As a result of this early retirement, Voss will record a A) a loss of $10,000 B)again of $10,000 C) a loss of $90,000 D) a gain of $90,000 11I Page