Bouvier, Inc. purchased equipment at the beginning of 2010, at a cost of $ 14,500. The equipment has an estimated residual value of (i.e., salvage value) of $ 2,500, and an estimated life of 4 years, or 10,000 hours of operation. Which of the following is true? Select one: a. The equipment will be used only until 2014 begins. b. The equipment will be used for 10,000 hours. c. The equipment will be sold for more than $ 2,500. d. None of the following can be stated with certainty. In April, Tide-E-Inn accepted a reservation from Travel Lots, Inc. for one room for three days in June. On May 15, Tide- E-Inn received a check from Travel Lots, Inc., for $900, the full cost of the reserved room. Travel Lots' Vice-President of Hospitality Services stayed in the reserved room from June 18 through June 21, three nights. Under accrual accounting, for which months would Tide-E-Inn recognize the room rental revenue? Select one: a $300 would be recognized as revenue in April, May and June. b. $900 would be recognized as revenue in June. C. $900 would be recognized as revenue for May. d. $900 would be recognized as revenue for April