Ben Trucking purchased a new truck for $240,000 with $8,000 residual value. It charges depreciation as 25% using reducing balance method. What is the depreciation in year 4? O a $60,000 $18,984.375 $24,468.75 Od $25,312.50 Question 5 (1 point) Suzzane Moore has a balance of $410 in her chequebook (her cash account) at the end of the month. The balance on her bank statement is $500. Reconciling items include deposits in transits of $250, outstanding cheques of $350 and bank service charges of $10. What is Suzzane's adjusted cash balance? a $410 Ob $500 Oc $400 Od $390 Question 6 (1 point) Suppose a firm purchased an asset for $100,000 and estimated on the date of the purchase, its useful life as 10 years with no residual value The firm uses straight-line depreciation. After using the asset for 5 years, the firm changes its estimate of the remaining useful life to 4 years (a total of 9 years rather than the original 10 years). How much depreciation expense will the firm recognize in the sixth year of the asset's life? Ob $10,000 $31,111 $12.500 $11111 Time left for this assessment: 51:16