27 (1 point) HST (harmonized sales tax) collected by a retailer are recorded by crediting HST Revenue. crediting HST Payable. debiting HST Payable. debiting HST Expense. Question 28 (2 points) Below is information related to equipment that was acquired at the beginning of year one. If the company uses the declining (diminishing) balance depreciation method, depreciation expense for year two will be: cost residual value $18,000 $2,000 depreciation rate 20% useful life in years 5 $3,600 $3,200 $7,200 $2,880