ASAP

29. Carr, Inc. purchased equipment for $100,000 on January 1, year 1. The equipment had an estimated 10-year useful life and a $15,000 residual/salvage value. Under the straight-line method of depreciation, what is the asset's carrying/book value after three years? A) $8,500 B) $25,500 C) $74,500 D) $100,000 30. In analyzing a company's financial statements, which financial statement would a potential investor primarily use to assess the company's liquidity and financial flexibility? A) Balance Sheet B) Income Statement C) Statement of Cash Flows D) Statement of Owner's Equity 31. Which of the following assumptions means that money is the common measurement denominator of economic activity and provides an appropriate basis for accounting and analysis? A) Going concern B) Monetary unit C) Economic entity D) Periodicity