Company A bought a depreciable asset for $22.000 on April 1. Year 1. The asset will be depreciated using the straight-line method over its four-year useful life. Assuming the asset's residual value is $2,000. what will be the amount of accumulated depreciation on this asset on December 31, Year 3? $13.750 $15.125 SI5.000 $20.000 Company A purchased a patent for 590,000. The patent has a legal life of 20 years. Because of changing technology, the patent is expected to generate revenue for only 5 years. The annual amortization expense for the patent is: 50. The patent cost should be expensed when the patent is purchased. $18.000 SO. The patent is not amortized. 54500 On December 2. Shako Maco Corp, acquired 1.000 shares of its 52 par value common stock for $27 each. On December 20, Shako Maco Corp, ressued 200 shares for 515 each. Which of the following is correct regarding the journal entry for the reissued shares? Debit Cash 515.000. Credit Treasury Stock $6.000. Credit Additional Paid in Capital $5.200 Credit Treasury Stock 510,000