A machine that cost $82000 has an estimated residual value of $4000 and an estimated useful life of 5 years or 20000 hours. Using the units-of-production method, the depreciation expense for the second year, during which the machine was used 5700 hours, would be O $22230. O $15600. O $24510. O $16400. Can the accumulated depreciation of a depreciable asset be greater than an assets cost when it is fully depreciated and still in use? O Yes - as it is still in use it continues to be depreciated. O No- although it is still in use it does not continue to be depreciated. No - because the asset is considered retired even though it is still in use. o Yes - as the asset is retired and then reinstated on the books to be depreciated for its continued use. A five-year, 4%, $102500 note payable is issued on January 1. Terms include equal annual instalment payments of $23024. The entry to record the first instalment payment will include a debit to Notes Payable of $18924. O credit to Notes Payable of $23024. credit to Interest Expense of $4100. O debit to Cash of $23024. Last year, Oriole Bakery's statement of income reported the following: profit, $332000; interest expense, $79000; and income tax expense, $118000. The company's times interest earned ratio is O 6.70 times. O 4.48 times. O 5.20 times. O 4.20 times