D Question 10 1 pts ABC purchased a new piece of equipment for $62.500. The estimated residual value is $2,500 and the estimated useful life is 3 years or 100,000 miles If the company uses straight-line depreciation, which of the following statements is true with respect to Year 2? O Accumulated Depreciation is equal to $41666 Depreciation Expense is $20.833 Book value is equal to $20,000 Accumulated Depreciation is equal to $40,000 D | Question 11 1 pts ABC purchased a new piece of equipment for $62,500. The estimated residual value is $2,500 and the estimated useful life is 3 years or 100,000 miles. If the company uses double-declining balance, which of the following statements is true with respect to the end of Year 2? Accumulated Depreciation is equal to $55,556 Depreciation Expense is equal to $18.333 Book Value is equal to $2.500 Book Value is equal to $4.444 O O