A machine has a cost of $16,200, an estimated residual value of $3,930, and an estimated useful life of five years. The depreciated on a straight-line basis. At the end of the second year, what amount will be reported for accumulated depreciation? (Do not machine is being round your intermediate calculations. Round annual depreciation amount to the nearest dollar amount Multiple Choice $2.454 $4,908 $11.292. $6,480 A building was purchased for $64,000. The asset has an expected useful life of eight years and depreciation expense each year is $4,000 using the straight-line method. What is the residual value of the building? Multiple Cholce $8,000. 32,000. sO. $13,000 0000 A company purchased a computer system at a cost of $29,000. The estimated useful life is 8 years, and the estimated residual value is $7,000. Assuming the company uses the double-declining-balance method, what is the depreciation expense for the second year? (Do not round your intermediate calculations. Round your answer to the nearest whole dollar amount.) Multiple Choice $5,438 $6,938 $7,250 $7,688. Next Berry Co. purchases a patent on January 1, 2021, for $45,000 and the patent has an expected useful life of five years with no residual value. Assuming Berry Co. uses the straight-line method, what is the amortization expense for the year ended December 31, 2022? Multiple Choice $9,000 $18,000 so. $45,000