A machine is purchased on January 1, 2018, for $104,000. It is expected to have a useful life of ten years and a residual value of $12,000. The company closes its books on December 31 Under the double-declining balance method, what is the total amount of depreciation to be expensed during the 2019? Multiple Choice $83.200 $36.000 $16.640 O $20.000 Durango, Inc purchased a parcel of land for $450,000. It paid attorney fees of $3,000 to verify ile to the land. In addition, it paid a broker's fee of $7,500 to help find a suitable parcel of land. This parcel of land should be recorded in the accounting records for Multiple Choice $453.000 $450.000 $450.500 5452500