Frey, Inc. purchased a machine for $450,000 on January 2, 2017. The machine has an estimated useful life of 4 years and a salvage value of $50,000. The machine is being depreciated using the sum-of-the-years-digits method. The December 31, 2018 asset balance, net of accumulated depreciation should be Select one O a. $290,000 Ob $270,000 O c. $170,000 O d. $90,000 O e. $120,000 Rye Co. purchased a machine with a five-year estimated useful life and an estimated 10% salvage value for $80,000 on January 1, 2012. In its income statement, what would Rye report as the depreciation expense for 2013 using the double-declining balance method? Select one: O a $8,000 O b: $28,800 O 517,280 O d. $20.000 O e. $19.200 Equipment was purchased at the beginning of 2015 for $204,000. At the time of its purchase, the equipment was estimated to have a useful life of six years and a salvage value of $24.000. The equipment was depreciated using the straight-line method of depreciation through 2017. At the beginning of 2018, the estimate of useful le was revised to a TOTAL life of eight years (to 1/1/23) and the expected salvage value was changed to $15,000. The amount to be recorded for depreciation for 2018, reflecting these changes in estimates, is: Select one O a. $12,375 O b. $19,800 O $22.800 O d. $23,625 O e $17.250 During 2017, Bolton Corporation acquired a mineral mine for $1,800,000 of which $200,000 was determined be the salvage value of the land after the mineral has been removed Geological Surveys have indicated that 10 million units of the mineral could be extracted. During 2017, 1,500,000 units were extracted and 1.200.000 units were sold. What is the amount of depletion affecting the 2017 income statement? Select one: a. $240,000 O b. $216,000 O c. $180,000 O d. $192,000 O e. $270,000 Which costs) should be capitalized into the Patent account? Select one: O a. Both legal fees related to obtaining a patent, and costs related to successfully defending a patent. O b. a) Neither legal fees related to obtaining a patent nor costs related to successfully defending a patent. O c. Legal fees related to obtaining a patent, but not costs related to successfully defending a patent. O d. Costs related to successfully defending a patent, but not legal fees related to obtaining a patent