A company purchased machinery for $750,000. The machinery has an estimated salvage and useful life of 5 years. value of $150,000 1. What is depreciation expense for year 2 if the company uses the straight-line methoa A. $300,000 B. $240,000 C. $150,000 D. $120,000 2. What is depreciation expense for year 2 if the company uses the double-declining balance method? A. $144,000 B. $180,000 C. $240,000 D. $300,000 Use the following information to answer the next two questions: The following are factors from the time value of money tables for 6%, 20 periods: Future Value of $1 Future Value of an Annuity of $1 Present Value of $1 Present Value of an Annuity of $1 3.2071 36.7856 0.3118 11.4699 If you deposit $10,000 will be accumulated in your retirement account at the end of the 20 years? annually into a retirement account at the end of each year for 20 years, what amount a retirement 3. A. $32,071 B. $114,699 C. $200,000 D. $367,856 A company wishes to deposit a single amount today into a fund to pay the $5,000,000 principal on bonds due in 20 years. If the company earns 6% on the fund, what amount should be deposited? 4. A. $4,700,000 B. $1,559,000 C. $435,924 D. $135,923