e. 1. The cost of a fixed asset minus the asset's residual value equals a. depreciable cost. d. a contra asset. b. net book value efnir market value. annual depreciation expense. 2. Which of the following accounts would provide you with an estimate of the amount of a machine's cost that was used up during the current year? Machine (at cost) c. Depreciation Expense b. Accumulated Depreciation d. Net Book Value 3. Three assets, each with a cost of $13,000 and no salvage value, were depreciated using different method This resulted in the following amounts of depreciation expense being recorded over the lives of the asse a First Year Second Year Third Year Fourth Year Total Asset One $ 5,200 $ 3,900 $ 2,600 $ 1,300 $12.000 Asset Two $ 4,810 $ 1,950 $ 1,560 $ 4,680 $13,000 Asset Three $ 3,250 $ 3,250 $ 3,250 $ 3,250 $1,000 a. Based on the pattern of yearly expense, which item was most likely depreciated using the units-of-prod method? Asset One b. Asset Three Asset Two c. Bulldozer Example - A business buys a bulldozer on the first day of the year for $279,900. The bulldo estimated to have a useful life of 9 years and a residual value of $9,900. It will be depreciated using th straight-line method. 4. Bulldozer Example - What amount of annual depreciation expense will the company record on this Bulldozer a. $189.900 d. $30,000 b. $31,100 e. $270,000 c. SO 5. Bulldozer Example - After 3 years, what will be the asset's net book value? a. $30,000 d. $186,600 b. $189,900 e. $93,300 c. $90,000