Bombay Inc. bought new computers on January 1 for $18,000 to improve the quality of their animation. The computers have a useful life of 8 years but Bombay Inc. thinks that continuing technological developments will likely mean they will replace the computers after 4 years, at which time they will be worth $2,000. If they use straight-line depreciation, the depreciation expense for the first year will be O $2,000. O $2,250. O $4,000. O $4,500. Botanical Spas sells $2,500 worth of gift certificates in November and December. 25% of the gift certificates are redeemed in December prior to the December 31 year end. The required year-end adjusting entry is O Dr. Revenues $625, Cr. Gift Card Liability $625. O Dr. Revenues $1,875, Cr. Gift Card Liability $1,875. O Dr. Gift Card Liability $625, Cr. Revenues $625. O Dr. Gift Card Revenues $1,875, Cr. Revenues $1,875. Which of the following liabilities results from amounts owed by both the employee and the employer? O employee income tax payable wages payable employment insurance payable O vacation pay payable