D Question 10 1 pts An engineering company purchased new equipment for $130,000 on January 1, 2020. The company estimates that the equipment will have a useful life of eight years and have a $2,000 residual value. Using the straight line depreciation method, yearly depreciation expense will be: O 516,000 O $16.250 O $120.000 O $0. Question 11 1 pts Revenues were $180,000, expenses were $165,000, and cash dividends declared and paid were $2,000. What were the net income and the change in retained earnings for the period? Net income was $15.000, the change in retained camings was $15,000. Net income was $180.000; the change in retained caminos was $170,000 Net income was $15.000, the change in retained camings was $17,000. Net income was $15.000, the change in retained carings was $13,000. D Question 12 1 pts A company purchased analytics equipment for S200,000 on January 1, 2020. The company determined that the yearly depreciation expense is $19,000. What will be the book value of this equipment on December 31, 2024, after adjusting entries have been made? O $105.000 O $95.000 O $75,000 O $124.000 Question 13 1 pts Al of the following accounts are closed EXCEPT for: O Cash O Dividonda O Service Revenue Utiles Expos Question 14 1 pts Which of the following financial statements focuses on the stock of resources rather than "flow" af resources? O Statement of Retained Esmings O Statement of Cash Flows Balance Shoot Income Statement Question 15 1 pts When a business purchases and with a note payable: O assets are increased and liabilities are decreased O assets are decreased and stockholder's equity is increased O both assets and abilities are increased O both assets and stockholders' equity are increased Question 16 1 pts Which organizational structure has unlimited ability for a company's debts? O members of a imtad labilty company owners of a corporation O general partner in a mitad labity partnership imited partners in a limited liability partnership Question 17 1 pts Ahmed Company purchased a new building by signing a note for $30,000. The entry to record the transaction is 30.000 Note Payable 30.000 Building 30,000 30.000 o Building 30.000 Notas Payable 30.000 0 Note Payable 30.000 30.000