A. $160,000. B. $125,000. $35,000 None of these. 119. A company paid $17,000 for a vehicle that had an estimated useful life of 4 years, total capacity of 100,000 miles, and a residual value of $1,000. After 2 full years of using the vehicle (20,000 miles in year and 27,000 miles in year 2), the company sold the vehicle for $6,000 and reported a loss on disposal of S3.480. What method of depreciation did the company use? A. Units-of-production method B. Double-declining-balance method C.Straight-line method D. None of these manufacturing company sells equipment for $450,000 when the book value of t is $400,000. The company would record the extra S50,000 as: gain, increasing net income and stockholders' equity revenue, increasing net income and stockholders' equity C. cash, increasing assets and stockholders' equity D. accumulated depreciation, increasing assets and stockholders' equity. 121. An asset is purchased on January 1 for $40,000. It is expected to have a useful life of five yea which it will have an expected salvage value of $5,000. The company uses the straight-line methoc old for $30,000 exactly two years after its purchase, the company will record a: gain of S6,000 gain of $4,000. loss of $4,000. loss of S6,000