ing Company was started on Januery 1 Year 1 when it issued common stock for Jing Company was started on January L Yeer 1 when common delivered under terms FOB Using double declining balance depreciation, what the amount of depreciation expense and 1 a $36,000 cash. Also, on January 1, Year t the company purchased office equipment thet cost $16,000 cash. The equpment was shipping point, and trensportation cost was $2.100. The equipmert had a tive year usefuf life and o $5,800 expected salvage value t the amount of accumulated depreciation, respectively, that would appear on the December 3t, Year 3 financial Multiple Ohoice s0 and 500 55,904 and 515744 $3,542 end $20,42