Exam #3 Time Umit: 1:30:00 Time Left:0:48:13 Bassel Fouad: Attempt 1 Page 2 Previous Page Next Page Page 24 of 36 Question 21 (2.5 points) Use the following information for the next TWO questions. Page 3: On January 1, 2018, Chamber Company purchased a machine for $42,000. The machine has an estimated useful life of 4 years for 200,000 units of product) and an estimated salvage value of $2,000. Question 2 of 2: If Chamber uses the double-declining balance method, the amount of depreciation expense that will be recorded for the year ended December 31, 2018 will be: $20,000 $21.000 $10,500 $10,000 Page 24 of 36 command MOSISO Command po Exam #3 Time Umit: 1:30:00 Time Left:0:48:13 Bassel Fouad: Attempt 1 Page 2 Previous Page Next Page Page 24 of 36 Question 21 (2.5 points) Use the following information for the next TWO questions. Page 3: On January 1, 2018, Chamber Company purchased a machine for $42,000. The machine has an estimated useful life of 4 years for 200,000 units of product) and an estimated salvage value of $2,000. Question 2 of 2: If Chamber uses the double-declining balance method, the amount of depreciation expense that will be recorded for the year ended December 31, 2018 will be: $20,000 $21.000 $10,500 $10,000 Page 24 of 36 command MOSISO Command po