22 In using the Unit of Output Depreciation method, if the cost of a machinery is $140,000, its salvage value is $40,000 and the capacity to produce is 400,000 units. What is the book value of this machine if 60,000 units have been produced so far? OA $115,000 OB. $125,000 OC. $105,000 OD. $90,000 QUESTION 23 In recording "billing to clients for services rendered" in General Journal; which of the following transactions should be used? OA. Common stock should be debited, and A/R should be credited. OB. A/R should be debited, and Service Revenue should be credited. OC. Cash should be debited, and A/R should be credited. OD. Service Revenue should be debited, and A/R should be credited. QUESTION 24 Which of the following methods of depreciation is not using salvage value and at the same time is good for "tax purposes" for corporations? O A. Double declining balance OB. Sum-of-the-years-digits OC. Straight line OD. Unit of output QUESTION 25 What is the sequential order under the accounting cycle? OA. Statement of Retained Earnings, Balance Sheet, and Income Statement. OB. General Journal, Trial Balance and Balance sheet. O C. General Journal, General Ledger, Adjusted Trial Balance. OD. General Journal, General Ledger, and Trial Balance