A machine is purchased on January 1, 2018, for $114,000. It is expected to have a useful life of five years and a residual value of $17,000. 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 $45.600 550000 Avalon Industries buys equipment for $68,000, expects to use it for eight years, and then sell it for $6.800. Using the straight-line method, the company should report annual depreciation for the equipment of: Multiple Choice 5755. Tonto Company purchased property for $156,000. The property included a building, equipment and land. The building was appraised at $84.000, the land at $56,000, and the equipment at $ 29,000. What is the amount of cost to be allocated to the building in the accounting records? (Round your Intermedlate calculations to 3 decimal places.) Multiple Choice 0 0 0 0 $155.000 A one-year, $26.400,8% note is signed on April 1. If the note is repaid on August 1 of the same year, how much interest expense is incurred? (Do not round Intermediate calculations.) Multiple Choice