en 23 ed Archer Company purchased equipment in January of 2005 for $90,000. The equipment was being depreciated on the straight-line method over an estimated useful life of 20 years, with no residual value. At the beginning of 2015, when the equipment had been in use for 10 years, the company paid $15,000 to overhaul the equipment. As a result of this improvement, the company estimated that the useful life of the equipment would be extended an additional 5 years. What should be the depreciation expense recorded for this equipment in 2015? d out of ag question Select one: a. $4,500 @ b. $4,000 C. $3,000 d. $5,500 24 A company issues $5,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2015. Interest is paid on June 30 and December 31. The proceeds from the bonds are $4,901,036. Using effective- interest amortization, how much interest expense will be recognized in 2015? d out of g question Select one: a. $195,000 b. $392,124 C. $392,083 d. $390,000