* Equipment was acquired on January 1, 2016 at a cost of 90.000 $. The equipment was originally estimated to have a residual value of 5.000 $ and estimated useful life of 10 years. Depreciation has been recorded through December 31, 2019 using the straight-line method. On January 1, 2020 the estimated residual value was revised to 6.000 $ and the useful life was revised to a total of 8 years. What would be the depreciation expense for the year 2020?

a) 10.500

b) 11.500

c) 12.500

d) 13.500

*Which of the following statements is true with regards to an investment property?

a) An investment property generates cash flows largely independently of the other assets held by an entity

b) The value in use of investment property is significantly higher than of owner-occupied property

c) An investment property unlike owner-occupied property shall not be depreciated over its useful life

d) An investment property unlike owner-occupied property shall always be measured at its historical cost