4 O points A company purchased factory equipment on April 1, 2017, for $128,000. It is estimated that the equipment will have a $16,000 salvage value at the end of its 10-year useful life. Using the straight-line method of depreciation, the amount to be recorded as depreciation expense at December 31, 2017, is $12,800 $11.200 0 000 $8,400 $9.600 5 points Equipment with a cost of $450,000 has an estimated salvage value of $30,000 and an estimated life of 4 years or 10,000 hours. It is to be depreciated by the units-of-activity method. What is the amount of depreciation for the first full year, during which the equipment was used 2,700 hours? $112.500 $105,000 $113.400 $108,750 6 points Equipment with a cost of S640,000 has an estimated salvage value of $40,000 and an estimated life of 4 years or 15,000 hours. It is to be depreciated using the units-of-activity method. What is the amount of depreciation for the first full year, during which the equipment was used 3,300 hours? $160.000 $180,800 $132,000 $150,000 7 Opoints A company sells a plant asset that originally cost $375,000 for $125,000 on December 31, 2017. The accumulated depreciation account had a balance of $150,000 after the current year's depreciation of $37,500 had been recorded. The company should recognize a $250,000 loss on disposal 0 $100,000 gain on disposal $100,000 loss on disposal $62,500 loss on disposal 0 8 points Equipment was purchased for $85,000 on January 1, 2016. Freight charges amounted to $3,500 and there was a cost of $10,000 for building a foundation and installing the equipment. It is estimated that the equipment will have a $15,000 salvage value at the end of its 5-year useful life. What is the amount of accumulated depreciation at December 31, 2017, if the straight-line method of depreciation is used? $33,400 $16,700 0 $14,300 $28,600 9 points A truck costing $72,000 and on which S60,000 of accumulated depreciation has been recorded was discarded as having no value. The entry to record this event would include a gain of $12,000 loss of $12,000 10000 credit to Accumulated Depreciation for $60,000 credit to Accumulated Depreciation for $72,000