Fenway Corporation issued a $21,000, 10-year, 10% bond dated January 1, at 103. The journal entry to record the issuance of the bond will include a: O A. debit to Discount on Bonds Payable for $630 O B. debit to Cash for $21,630. O c. debit to Cash for $21,000. OD. credit to Bonds Payable for $21,630. On January 2, 2019, Mumford Corporation acquired equipment for $50,000. The estimated life of the equipment is 4 years. The estimated residual value is $8.000. What is the amount of depreciation expense for 2020, if the company uses the double-declining - balance method of depreciation (Round intermediary calculations to two decimal places and your free to the nearest dollar.) O A $10,500 OB. $25,000 OC. $21,000 OD. $12,500 sro Martin Company paid $600,000 for equipment Martin uses straight-line depreciation. Currently the Acumulated Depreciation account shows a balance of $120,000. These residual value and an estimated life of 10 years, how many years has the assot been depreciated? (Round your final answer to the nearest year.) O A 5 OB. 3 OC. 2 OD. 10 On January 2, 2019, Kellogg Corporation acquired equipment for $500,000. The estimated life of the equipment is 5 years or 70,000 hours. The estimated residual value is $40,000. What is the book value of the asset on December 31, 2020, If Kellogg Corporation uses the straight-line method of depreciation (Round any intermediary calculations to two decimal places and your final answer to the nearest dollar.) O A. $460,000 OB. $500,000 OC. $408,000 OD. $316,000