Hello,

Here are the questions I need answered now!!!

QUESTION 27

1. A machine with a cost of $160,000 has an estimated salvage value of $10,000 and an estimated useful life of 5 years or 15,000 hours. It is to be depreciated using the units-of-activity method of depreciation. What is the amount of depreciation for the second full year, during which the machine was used 5,000 hours?

   $50,000

   $30,000

   $43,333

   $53,333

0.2 points

QUESTION 28

1. The declining-balance method of depreciation is called an accelerated depreciation method because it depreciates an asset in a shorter period of time than the asset's useful life.

   True

   False

0.2 points

QUESTION 29

1. All leases are classified as either

   capital leases or long-term leases.

   capital leases or operating leases.

   operating leases or current leases,

   long-term leases or current leases.