Jack's Copy Shop bought equipment for $240,000 on January 1, 2023. Jack estimated the useful life to be 3 years with no salvage value, and the straight-line method of depreciation will be used. On January 1, 2024, Jack decides that the business will use the equipment for a total of 5 years. What is the revised depreciation expense for 2024? Select one: O a $80,000 1 b. $60,000 c. $40,000 d. $32,000 Goodwill can be recorded Select one: a. when the company has exceptional management Ob. when the company acquires a good location for its business c. only when there is an exchange transaction involving the purchase of an entire business Od. when customers keep returning because they are satisfied with the company's products