DOK Marketin... Question 4 4 pts The following information pertains to the next three questions (Questions 4, 5 and 6). ABC Company purchased a piece of manufacturing equipment for $42,000 on January 1, 2020. The equipment was expected to have a five-year life and a $2,000 salvage value. If ABC uses the straight-line method of depreciation, the amount of depreciation expense for 2020 would be $16,000 $16,800. $ 8,400 $ 8.000. 4 pts Question 5 Question 5 4 pts Based on the information provided in Question 4. if ABC uses the double- declining method of depreciation, the amount of depreciation expense for 2020 would be $ 8.000 $8,400 $16,000 $16,800 Question 6 4 pts Question 6 4 pts Assume that ABC Company uses the straight-line method described in Question #4 and subsequently sells the asset on January 1, 2021. If the company sells the asset for $25,000, the statement of cash flows would report a $9.000 cash outflow from an asset disposal in the investing activities section $25,000 cash inflow from an asset disposal in the operating activities section $25,000 cash inflow from an asset disposal in the investing activities section $9,000 cash outflow from the loss on the sale of the asset in the operating activities