$80,000 55,000 27,000 $14,000 10,000 3,000 12 years 8 years 5 years Machine No. 2 /Machine No. 3 Assets purchased between the 1t and 15h are depreciated for the entire month; purchased after the 15th as though they were acquired the following mont total 20X1 depreciation for the 3 machines? a. $15,925 $9.471 $7,963 $18,942 RayCo uses the straight-ine method. Assets purchased between t depreciated for the entire the 1st and 15th are month; assets purchased after the 15th as though they were acquired the following month. On May 12, 20X1, RayCo purchases tor se of $1 furniture that it expects to last for 10 years and to have a residual at is 20X1 depreciation expense for the furniture? $1,600 $2,400 c. $1,200 d. $1,400 MyCo uses the straight-line method. Assets purchased between the 1st and 15h are depreciated for the entire month; assets purchased after the 15th as though they were acquired the following month. On April 22, 20X1, MyCo purchases for $50,000 equipment that it expects to last for 10 years and to have a residual value of $5,000. What is 20X2 depreciation expense for the equipment? a. $3,375 b. $3,000 c $4,500 d. $5,000