choose correct answer

Nakuru Limited purchased a new van on January 1, 2019. The van cost $20,000. It has an estimated life of five years and the estimated residual value is $5,000. Nakuru uses the double-declining-balance method to compute depreciation. What is the adjusted balance in the Accumulated depreciation account at the end of 2020? $4,800 $7,200 None of the available answers are correct O $9,600 $12,800 Malindi has issued bonds outstanding with a face value of $100,000. The current unamortized premium on these bonds is $2,700. If Malindi retired these bonds at a call price of 99. How much would be the gain or loss? $2,700 Loss $3,700 Gain $3,700 Loss $2,700 Gain There is no gain or loss to be reported from this transaction Mombasa Hardware has a periodic inventory system and uses the weighted average method. The company began the month of November with 150 large brass switch plates on hand at a cost of $4.00 each. These switch plates sell for $7.00 each. The following schedule sets forth the purchases of switch plates during November: Date of Transaction November 7 November 11 November 22 Quantity Received 200 200 250 Unit Cost $4.20 $4.400 $4.80 If Mombasa sells 570 switch plates for $7.00 each during November, what is the company's gross profit for November (rounded to the nearest dollar)? O $1,528 O$1,482 O None of the available answers are correct $1,046 O $1,516 Bison Corp. issues a 5 year, 8%, $60,000 note payable on March 1. The terms of the note include monthly blended principal and interest payments of $1,217. The entry to record the second installment payment will show a (rounded to the nearest dollar): O Debit to Cash for $1,217 O None of the available answers are correct. O Credit to Interest Expense for $395 Debit to Interest Expense for $400 O Debit to Notes Payable of $822