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Part 2 - Fain-the-blanks. Enter the correct amount for each question in the space provided. 7 The following information relates to equipment purchased on May 1, 2018 $21.000 1.100 11.970 320 Cost of the equipment Residual value of the equipment Accumulated depreciation as of December 31, 2021 Depreciation expense during 2022 What is equipment's book value on December 31, 2021? 8. You purchase six laser printers for your office for a cost of $11.430 plus sales tax of $690. You pay $90 to have the printers shipped to you from the manufacturer. You pay $410 to have them installed and hooked up to your office network. One of the printers is dropped during installation and it costs $130 to replace a damaged part What is the depreciable cost of the printers? A company purchases equipment for $126,700 on January 1. It has an estimed residual value of $4.900 and an estimated useful life of 7 years. The company uses the straight-line method of depreciation. Determine the book value of the equipment after 9 years of ownership 9. 10. A company purchases equipment for $172,800 on January 1. It has an estimed residual value of $6,700 and an estimated useful life of 3 years. The company uses the declining balance method of depreciation. Determine the amount of depreciation expense for the FIRST year