first part: On January 1, 2003, ABC, Inc. purchased equipment for $80,000. The equipment had an estimateduseful life of 10 years and an estimated salvage value of $3,000. ABC, Inc. will depreciatethe equipment using the double-declining balance method of depreciation. Calculate the amount of depreciation expense recorded on the equipment for 2005 second part: Mason Company purchased a new machine on January 1, 1999, for $64,000. At the time of acquisition,the machine was estimated to have a service life of eight years and a salvage value of $10,000.The company uses the double-declining balance method of calculating depreciation. Assume that themachine was sold for $39,000 cash on December 31, 2001. Calculate the gain recorded on the sale third part: Jefferson Cleaners purchased a tract of land, a small office building, and some equipment for $1,500,000. The appraised value of the land was $850,000, the building $675,000, and the equipment $475,000. What amount is recorded as the cost of the land? A) $481,667 B) $637,500 C) $850,000 D) $888,888 E) $925,667 Please make answers clear and bolded, will give lifesaver rating! thank you