D Question 67 1 pts Depreciation--Dippy Company purchases equipment on January 1, Year TWO at a cost of $469,000. The asset is expected to have a service life of 12 years and a salvage value of $40,000. What is the amount of depreciation for year 2 using the double-declining balance method? O None of the above O $71,500 $60.000 O $65,149 $55,400 Question 69 Use the following information for Jake Company: Sales Revenue $2,000,000 Interest/Dividend Revenue. 50,000 Cost-of-Goods- Sold 1,000,000 Selling and Administrative Expenses.. 200,000 Loss on Discontinued Operations..... 100,000 What is Operating Income for the Year Ended December 31, 2020 (ignore taxes)? $860,000 O $700,000 None of the above O $800,000 $760,000 1 pts Question 70 1 pts Depreciation--Joe Company purchased machinery for $315,000 on May 1,2020. It is estimated that it will have an useful life of 10 years, and a salvage value of $15,000. What is the depreciation for the first year assuming 20% declining balance method? O None of the above O $42,000 O $60,000 O $40,000 O $63,000