Asset Purchases (assuming no Section 179 or bonus depreciation applies) After reviewing the purchases in 2022 found on Invoices #19, #25, and #28 from Cool Hockey, Inc., we agree that asset purchases total $132,000. However, the depreciation calculation of $16,323 is incorrect. The correct depreciation expense should be $24,573. 0 Choose an option below: [Original text]The correct depreciation expense should be $24,573. The correct depreciation expense should be $17,500. The correct depreciation expense should be $20,700. The correct depreciation expense should be $9,500. The correct depreciations expense should be $0.

Cool Hockey, Inc. 119 Redwing Drive Hockeytown, MI 48201 BILL TO Hockey Equipment Company 88 Blackhawk Drive Windy City, IL 60000 RECEIPT \# RECEIPT DATE 25 07/29/2022 Receipt Total $45,000.36 DESCRIPTION High Tech equipment (5 yr.) AMOUNT 41,667.00 Subtotal 41,667.00 Sales tax 8.0% TERMS \& CONDITIONS Payment is due within 15 days Asset Purchases (assuming no Section 179 or bonus depreciation applies) After reviewing the purchases in 2022 found on Invoices \#19, \#25, and \#28 from Cool Hockey, Inc., we agree that asset purchases total $132,000. However, the depreciation calculation of $16,323 is incorrect. The correct depreciation expense should be $24,573. 0 Choose an option below: [Original text]The correct depreciation expense should be $24,573. The correct depreciation expense should be $17,500. The correct depreciation expense should be $20,700. The correct depreciation expense should be $9,500. The correct depreciations expense should be $0. Cool Hockey, Inc. 119 Redwing Drive Hockeytown, MI 48201 BILL TO Hockey Equipment Company 88 Blackhawk Drive Windy City, IL 60000 RECEIPT \# RECEIPT DATE 28 11/28/2022 Receipt Total $55,000.08 DESCRIPTION Truck AMOUNT 50,926.00 50,926.00 Sales tax 8.0% 4,074.08 TERMS \& CONDITIONS Payment is due within 15 days Hockey Equipment Company (HEC) Tax Depreciation Worksheet Cool Hockey, Inc. 119 Redwing Drive Hockeytown, MI 48201 BILL TO Hockey Equipment Company 88 Blackhawk Drive Windy City, IL 60000 RECEIPT \# RECEIPT DATE 19 02/14/2022 Receipt Total $32,000.40 DESCRIPTION Furniture AMOUNT 29,630.00 29,630.00 Sales tax 8.0% 2,370.40 TERMS \& CONDITIONS Payment is due within 15 days