3 On April 1 of the current year, Carmella Corporation purchases a piece of Equipment for $50,000 and the Equipment has an expected Useful Life of five (5) years. Its Residual Value is estimated to be $6,000. Assuming Carmella Corporation uses the Straight-Line Method of Depreciation, the Depreciation Expense for the Equipment for the first year is: $12,000. $6,600 $6,900 $9,200. D Question 50 2 pts The Step in the process of measuring business transactions (ie. The Accounting Cycle) that involves assessing the equality of Total Debits and Total Credits for the Accounting Period is: Post the transactions to the T-Account in the General Ledger. Analyze the impact of the transactions on the Accounting Equation. Prepare a Trial Balance Use source documents to determine accounts affected by the transactions