1.Swifty Company purchased a piece of equipment on January 1, 2018. The equipment cost $176000 and had an estimated life of 8 years and a salvage value of $27000. What was the depreciation expense for the asset for 2019 under the double-declining-balance method?

$44000.

$17167.

$33000.

$34563.

2.The balance in the Prepaid Rent account before adjustment at the end of the year is $26700, which represents three months rent paid on December 1. The adjusting entry required on December 31 is to

debit Prepaid Rent, $17800; credit Rent Expense, $17800.

debit Rent Expense, $8900; credit Prepaid Rent, $8900.

debit Rent Expense, $17800; credit Prepaid Rent $17800.

debit Prepaid Rent, $8900; credit Rent Expense, $8900.

3.Using the percentage of receivables method for recording bad debt expense, estimated uncollectible accounts are $15200. If the balance of the Allowance for Doubtful Accounts is $1990 debit before adjustment, what is the amount of bad debt expense?

$15200

$13210

$17190

$1990

4.Coronado Consulting started the year with total assets of $58300 and total liabilities of $14900. During the year, the business recorded $48400 in catering revenues and $30300 in expenses. Coronado issued stock of $8600 and paid dividends of $14500 during the year. The stockholders' equity at the end of the year was

$61500.

$52900.

$33500.

$55600.