2.5 pts Question 27 On January 1, 2020, Henry Corporation purchased a machine for $46,000. Henry paid shipping costs of $1,600 as well as installation costs of $2,200. Henry estimated the machine would have a useful life of ten years and no estimated salvage value. If Henry records depreciation using the straight-line method, depreciation expense for 2020 is $4,820. $4.980 $4,760. $4,600 Question 28 2.5 pts Which of the following tangible assets has an indefinite useful life and is therefore NOT depreciated? Manufacturing equipment. Transportation equipment. Building O Land. Question 29 2.5 pts A $1,000 bond that is sold for $1,050 on its issuance date has been sold at O a discount its face value a premium. none of these choices is correct D Question 30 2.5 pts A bond would be sold at a discount because the market rate of interest is higher than the coupon or stated rate of interest on the actual bond. the market rate of interest is lower than the coupon or stated rate of interest on the actual bond. the market rate of interest is the same as the coupon or stated rate of interest on the actual bond. none of these choices is correct