329 11. Which of the following statements is tr... a. Intangible assets with a limited useful lif... b. The useful life of an intangible asset is a... c. The expected residual value of most int... d. In recording amortization, Accumulated... 11. Equipment originally costing $95,000 ... a. No gain or loss. b. A gain of $10,000. C. A loss of $10,000. d. A loss of $40,000. In early January 2017 New Tech purchase... Prepare a table showina depreciation and ... declining-balance depreciation. Double entry-1: Oki Company pays $264,... 1. During the second year of the equipmen... 2. During the third year, 56,250 cash is pai... 3. During the fourth year, $14,870 is paid f... 329 11. Which of the following statements is tr... a. Intangible assets with a limited useful lif... b. The useful life of an intangible asset is a... c. The expected residual value of most int... d. In recording amortization, Accumulated... 11. Equipment originally costing $95,000 ... a. No gain or loss. b. A gain of $10,000. C. A loss of $10,000. d. A loss of $40,000. In early January 2017 New Tech purchase... Prepare a table showina depreciation and ... declining-balance depreciation. Double entry-1: Oki Company pays $264,... 1. During the second year of the equipmen... 2. During the third year, 56,250 cash is pai... 3. During the fourth year, $14,870 is paid f