5 Instructions - READ ME!! X + signment/4664310050/assessment Return to page Question 11 (1 point) When originally purchased, a vehicle had cost $23,000, with an estimated residual value of $1,500, and an estimated useful life of 8 years. 4 years of straight-line depreciation, the estimated useful life was revised from 8 to 6 years, but with zero residual value. The depreciation expense in year 5 should be a. $2,856.25 b. $2.687.50 C. $6,125.00 d. $10,750.00 Return to page 15 Question 12 (1 point) Cash equivalents a. Include short-term investments purchased to increase earnings b. Are readily convertible to a known cash amount and include short-term investments purchased to increase earnings c. All of the above d. Are often combined with cash as a single balance sheet Item e. Are readily convertible to a known cash amount Return to page 13 Question 13 (1 point) On December 31, 2020, Peligrino Co. has a long term note payable of $800,000. Of that balance $100,000 will be paid within one year from the balance sheet date. How much of the note payable should Peligrino Co report as a non.current liability when they prepare the December 31 2020 balance sheet? a. Nothing Disclose in a note to the financial statements, . 51,000,000 Fli