19) On January 1, 2019, SBA Inc. purchased a machine for $260,000. The machine's estimated life is six years, and its salvage value is $50,000. At the end of 2023, SBA Inc, made a $65,000 overhaul to the machine, extending its life by four additional years. What will be the Depreciation Expense of 2024? (Select 1X18.5pts) 0 $35,000 O $25,000 0 $20,000 O $65.000 0 None of the above Tant You can go back and review/change your answers, or you can submit your work. Once you su 18) Using the Percentage of Accounts Receivable method in accounting for Bad Debts, What will be the recording for this transaction in 2020 using the data provided in the following table? Year Accounts Receivable Balance Bad Debts Balance 2015 345 000,00 44 500,00 2016 896 750,00 66 500,00 2017 219 000,00 38 900,00 2018 312 890,00 24 975,00 2019 199 110,00 22 400,00 1 972 750,00 197 275,00 2020 497 300,00 25 000,00 (Select 1)( 10 15pts extra credit) Debiting Bad Debts Expensed Crediting Allowance for Doubtful Accounts for 549,730 O Debiting Bad Debts Expense and Crediting Accounts Receivable for 324 730 O Debiting Bad Debts Expense and Crediting Accounts Receivable for 549,730 Debiting Bad Debes Expense and Crediting Allowance for Doubtful Actounts for 524730 14) The depreciable amount is equal to: Select 1)(3pts) O Sum of depreciation expenses since the acquisition of the asset O Acquisition cost minus Accumulated Depreciation O Acquisition cost minus Salvage Value O None of the above 15) A Capital Expenditure is a cost that is not (Select 1)(3pts) Maintaining an asset in its normal operating condition Added to the asset account O Increasing the life of the asset or its productivity o Improving the asset