Calloway Shoes purchased a dellvery truck on September 30,2021 , for $41,000. The estimated useful life of the truck is 10 years with no residual value. After five years, the refrigeration unit will need to be replaced. The $9,800 cost of the unit is included in the cost of the truck. Calloway uses the straightIne depreciation method. Depreciation for 2021 under U.S. GAAP and International Financial Reporting Standards (FFRS), respectively, is: Multiple Chaice option A. option B. option C option D. During 2021, the Longhorn Oil Company incurred $4,300,000 in exploration costs for each of 20 oil wells drilled in 2021 in west Texas. Of the 20 wells drilled, 14 were dry holes Longhorn uses the successful efforts method of accounting. Assuming that none of the oil found is depleted in 2021 , what oll exploration expense would Longhorn charge for this activity in its 2021 income statement? Mutiple Choice so. $25.8 million. $602 milition. 5860 mition. Below is information relative to an exchange of similar assets by Grand Forks Corp. Assume the exchange has commercial substance. In Case B, Grand Forks would record a gain/(oss) on exchange of assets in the amount of: Mutiple Chosee 3(4,900) $4,900 \$9.100). 53,300 On September 30, 2021, Bricker Enterprises purchased a machine for $208,000. The estimated service iffe is 10 years with a $26,000 residual value. Bricker records partial-year depreclation based on the number of months in service. Depreciation for 2021 using the straight-line method is: (Do not round intermedlate calculations.) Mutiple Cholce $13,650 520,800 54,550 55,200