2.22 points SA Machinery bought for $45.000 on January 1, 2004, was sold on July 1, 2007. The company uses the straightline method of computing depreciation and recognizes 59.000 of depreciation expense annually. When recording the journal entry for the sale the value of the Accumulated Depreciation is 536.000 $31,500 527.000 None of these answers are correct. Accumulated Depreciation is not recorded. Company A sold some office furniture for $4.500 cash. The furniture cost $24,000 and had accumulated depreciation through the date of sale totaling 521.700. The journal entry record the sale of the furniture will include a: credit to Gain on Sale of Furniture for 52.200 debit to Gain on Sale of Furniture for $2.200 O debit to Loss on Sale of Furniture for $19.500 O credit to Loss on Sale of Furniture for $19.500 Question 11 Company A bought a machine system on January 1 for $3,400. This machine has a useful life of 10 years and a residual value of $400. What would be the depreciation expense for the second year of its useful life using the double-declining-balance nethod? $544 $600. $480, $300