Cutter Enterprises purchased equipment for $45,000 on January 1, 2021. The equipment is expected to have a five-yeat life and a residual value of $3,900 Using the straight-line method, depreciation for 2021 would be: Mutiple Chaice $3,220. $9.000. $45,000. None of the other answer chaices are correct. On March 1, 2021, Shipley Resources entered into an agreement with the state of Alaska to obtain the rights to operate a mineral mine for $6 million. The mine is expected to produce 200,000 tons of mineral. As part of the agreement, Shipley agrees to restore the land to its original condition after mining operations are completed in approximately five years. Management has provided the following possible outfiows for the restoration costs that will occur five years from now: (PV of S1. PVA of S1) (Use approprlate factor(s) from the tables provided.) Shipley's credit-adjusted risk-free interest rate is 10%. During 2021, Stipley extracted 36,000 tons of ore from the mine. How much accretion expense will the company record in its income statement for the 2021 calendar year? Cutter Enterprises purchased equipment for $84,000 on January 1, 2021. The equipment is expected to have a five-year life and a residual value of: $9,000 Using the sum-of-the-years'-digits method, depreciation for 2021 and book value at December 31,2021 , would be: (Do not round depreciation rate per year)