Here have 3 questions. Please answer all of the questions.

WHAT 2 CLASSIFICATIONS ARE REQUIRED TO BE LABELED ON A CLASSIFIED BALANCE SHEET? Current assets Current liabilities Depreciation: Assume the Company has a calendar (Jan - Dec) year AN ASSET COSTING $25 WAS PLACED IN SERVICE JULY 1. . IT COST AN ADDITIONAL $3 TO DELIVERY AND INSTALL. THE SALVAGE IS ESTIMATED TO BE $8 AND THE ASSET WILL BE USED FOR 5 YEARS. WHAT IS THE DEPRECIATION EXPENSE FOR BOTH AT DEC 31?: Year 1 Depreciation expense Year 2 Depreciation expense Cash VS Accrual Determine Total Revenue for both CASH and ACCRUAL based on the following transactions: 1. Customer's paid the Company $10 for amounts owed from services completed in a prior period 2. Customer's paid the Company $5 for services provided in the current period 3. Customer's owe $20 for services completed in the current period Cash revenue is Accrual revenue is