Jennings Advertising, Inc reported the following in its December 31, 2021, balance sheet: In a disclosure note, Jennings indicates that it uses straight-line depreciation over 11 years and estimates saivage value at 6% of cost. What is the average age of the equipment owned by Jennings? Robertson Inc. prepares its financial statements according to Intemational Financial Reporting Standards (IFRS). At the end of its 2021 fiscal year, the company chooses to revalue its equipment. The equipment cost $541,000, had accumulated depreciation of $242,000 at the end of the year after recording annual depreciation, and had a fair value of $332,000. After the revaluation, the accumulated depreciation account will have a balance of (Do) not round intermediate calculations.) Mutiple Choice $242,000. $268,709 $275,000 None of these noswer choices nero contect Asset C3PO has a depreciable base of $26.95 million and a service life of 10 years. What would the accumulated depreciation be at the end of year five under the sum-of-the-years'-digits method? (Do not round intermediate calculations.) Miriple Choice $7.35 million. $13.47 million. $19.60 mullion. None of these answer choices are correct