A business purchased a Machine on 1/1. Equipment (Cost) Residual Value DATA $110,000 10,000 Estimated Useful Life in years 10 Estimated Total Units produced 100,000 Actual Units produced in year 1 12,000 They use the units of production method to record annual depreciation Which if the following statements is (are) true? SELECT ALL CORRECT ANSWERS, INCORRECT ANSWERS ARE PENALIZED. Depreciation expense for the year equals $13,200 Book Value at the end of the first year equals $96,800 Deprecation expense for the year equals $12,000. The unit rate for this asset is $1.00 Book Value at the end of the first year equals $88,000. Book Value at the end of the first year equals $98,000 The unit rate for this asset is $1.10 A business purchased a Machine on 1/1. Equipment (Cost) Residual Value DATA $110,000 10,000 Estimated Useful Life in years 10 Estimated Total Units produced 100,000 Actual Units produced in year 1 12,000 They use the units of production method to record annual depreciation Which if the following statements is (are) true? SELECT ALL CORRECT ANSWERS, INCORRECT ANSWERS ARE PENALIZED. Depreciation expense for the year equals $13,200 Book Value at the end of the first year equals $96,800 Deprecation expense for the year equals $12,000. The unit rate for this asset is $1.00 Book Value at the end of the first year equals $88,000. Book Value at the end of the first year equals $98,000 The unit rate for this asset is $1.10 "If a single deposit of $500,000 is made today, earning 8% interest, compounded QUARTERLY, how much will that amount be worth in 10 years?" $3,419,435 $1,079,462 $600,000 $1,104,020