Beckman Enterprises purchased a depreciable asset on October 1, Year 1 at a cost of $104,000. The asset is expected to have a salvage value of $15,100 at the end of its five-year useful life. If the asset is depreciated on the double-declining balance method, the asset's book value on December 31 Year 2 will be: Multiple Choice 693600 Peavey Enterprises purchased a depreciable asset for $26,500 on April 1, Year 1. The asset will be depreciated using the straight-line method over its four-year useful life. Assuming the asset's salvage value is $2,900, what will be the amount of accumulated depreciation on this asset on December 31, Year 3? Multiple Choice $23600 $4,917 Peavey Enterprises purchased a depreciable asset for $28,000 on April 1, Year 1. The asset will be depreciated using the straight-line method over its four-year useful life. Assuming the asset's salvage value is $3,200, Peavey Enterprises should recognize depreciation expense in Year 2 in the amount of: Multiple Choice 523,766.67 S5,166 67 $24,80000 $6.200.00 57000.00 A company purchased property for $100,000. The property included a building, a parking lot, and land. The building was appraised at $55,000, the land at $50,600, and the parking lot at $19,400. Land should be recorded in the accounting records with an allocated cost of Multiple Choice 46, 480. $40.480. $50,600. 51