Assume the following for an equipment purchase on 1/1/16:

$250,000 -Purchase Cost

$50,000 -Salvage Value

5 Year -Useful Life

Machine hour life expectancy 100,000 hours, 20,000 hours ran in year 1

41. Under the Straight line method of Depreciation, Depreciation expense for year 1 is:

a. $5,000

b. $40,000

c. $80,000

d. $100,000

42. Under DDB (Double Declining Balance) Depreciation expense for year 1 is:

a. $50,000

b. $40,000

c. $80,000

d. $100,000

43. Under DDB (Double Declining Balance) Depreciation expense for year 2 is:

a. $80,000

b. $50,000

c. $60,000

d. $100,000

44. Under the Units of Production Method, Depreciation for year 1 is:

a. $50,000

b. $40,000

c. $60,000

d. $80,000

45. Net Book Value at the end of Year 2 under the STRAIGHT LINE METHODis:

a. $200,000

b. $180,000

c. $170,000

d. $220,000