Glow Inc purchased a new machine on January 1,2017

Cost when purchased	26000$
Estimated Useful life when purchased	2000$
Estimated residual value when purchased.	10 years

The company uses straight line depreciation, accumulated depreciation at the end of 2021 is 12000, It is now the beginning of 2022 and management has revaluated the estimate related to the machine.

QI) The depreciable amount of the machine when it was purchased was

1. 24000$
2. 28000$
3. 26000$
4. None of the above

QII) How much depreciation expense for 2022 if instead the residual value is changed to 1000$ but total useful life is unchanged?

a) 1940$

b) 2600$

c) 925$

d) 2150$

e) none of the above

QIII)The carrying value of the machine at the end of 2021 is

a) 12000

b) 26000

c)28000

d) 14000

e) None of the above

QIIII)How much depreciation expense for 2022 if the estimated total useful life is changed to 15 years to 10 years, but there is no change to estimated residual value

a) 825

b) 1650

c)1200

d) 1500