Cutter Enterprises purchased equipment for $69,000 on January 1, 2021. The equipment is expected to have a five-year life and a residual value of $4,800. Using the double-declining-balance method, depreciation for 2021 and the book value at December 31, 2021, would be: Multiple Choice $25,680 and $43,320 respectively. $27.600 and $41,400 respectively. $25,680 and $41,520 respectively. $27,600 and $36,600 respectively. On March 31, 2021, M. Belotti purchased the right to remove gravel from an old rock quarry. The gravel is to be sold as roadbed for highway construction. The cost of the quarry rights was $259,200, with estimated salable rock of 32,000 tons. During 2021, Belotti loaded and sold 4,500 tons of rock and estimated that 27,500 tons remained at December 31, 2021. At January 1, 2022, Belotti estimated that 13,500 tons still remained. During 2022, Belotti loaded and sold 9,000 tons. Belotti uses the units-of-production method. Belotti would record depletion in 2022 of: (Round cost per ton to two decimal places.) Multiple Choice $161,620. $150,700 $151,780. O $148,500 Herman Apparel has purchased equipment on January 1, 2018, for $577.000. In 2018-2020, Herman depreciated the asset on a straight-line basis with an estimated useful life of elght years and an $97,000 residual value. In 2021. Herman has started to change its business strategy and now believes that the equipment will be used for only another two years (five years total) but does not believe the residual value has changed. What depreciation would Herman record for the year 2021 on this equipment? Multiple Choice O $150,000 $107.000 $96,000. $158,000