Assuming the engine of a piece of equipment burned out and needs to be replaced 2 years after it was originally purchased. The original cost of the engine was $7,000 with a useful life of 5 years and residual value of $1,000. The journal entry to record the disposal of the engine includes a. A credit to Cash for $7,000 & b. A debit to Accumulated Depreciation for $1.000 C. A credit to Equipment-Engine for $7,000 d. A credit to Equipment-Engine for $4,600 A company purchased a piece of equipment for $23,000 bn March 1, 2015. It estimates a residual value of $3,000, a useful life of 5 years and estimated productive life of 11.000 units. It produced 2,000 units in 2015. The company uses the half-year rule. What is depreciation expense for 2015 using the units-of-production method (rounded to nearest dollar)? a. $3636 b. $4000 C$3030 d. $3333 A company purchased a piece of equipment for $30,000 on May 1, 2015. It estimates a residual value of $4,500, a useful life of 4 years and estimated productive life of 15,000 units. It produced 3,000 units in 2015. What is depreciation expense for 2015 using the straight line method (rounded to nearest dollar)? a $3400 b. 56375 C. 55100 d. $4250