ing Company was started on January 1, Year 1 when it issued common stock for $50,000 cash. equipment was delivered under terms FOB shipping point, and transportation cost was $2,000 The equipment had a five-year useful life and a $12,000 expected salvage value. At the end of Year 5, assuming the equipment had not been sold, the book value of the office equipment using straight-line depreciation and double-declining-balance depreciation, respectively, would be: $12,000 and $12,000. O $12,000 and $1,680 O S0 and $0 None of these answer choices are correct