ABAC Farms purchased 4 assets for $250,000. The assets were appraised at: Asset 1 =$125,000; Assets 2-4 for $50,000 each. The total cost of the 4 assets to be recorded on ABAC 's books is $275,000$250,000$200,000$225,000 ABAC Farms receives a 10\%,120-day note for $1,500. The total interest due on the maturity date is: (Use 360 days a year.) $50.00. $150.00. $37.50. $87.50. On October 1,2020, ABAC Farms purchased a machine with a cost of $120,000 and a salvage value of $20,000 and a useful life of 10 years. Assuming ABAC Farms uses Double-declining balance depreciation, what is the depreciation for 2020 ? $2,500$20,000$6,000$24,000