19. Mobic Inc. acquired some manufacturing equipment in January 2008 for $400,000 and depreciated it S40,000 each year for three years on a straight-line basis. During 2011, the manufacturer announced a new technology for this type of equipment that will make the old models obsolete by the end of 2014. As a result, Mobic will plan to replace the equipment at that time, effectively reducing the asset's life from ten to seven years. In its financial statements for 2011, Mobic should A. Charge $40,000 in depreciation expense. B. Charge $280,000 in depreciation expense. C Make an adjustment to retained earnings for the error in measuring depreciation during 2008-2010. D. Report the book value of the equipment in its12/31/2011 balance sheet at $210,000. 20. When a transfer is made between cash and cash equivalents with no gain or loss, how is the transaction treated in the statement of cash flows? A. It'sincluded as an investing activity B. It's included as an operating activity. C. Irsincluded as a noncash financing activity. D. It's not reported