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Just need help with questions 5-10. Thank you so mu ch 6. Depreciation Expense for year 3, using the double- declining balance method would be:

Just need help with questions 5-10. Thank you so mu ch image text in transcribed
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6. Depreciation Expense for year 3, using the double- declining balance method would be: a. $4,096 c. $3,840 b. $4,500 d. $3,072 7. Assume the truck was purchased on July 1 instead of January 1. The depreciation expense for calendar year 2, using the double-declining balance method would be: $4,320 c. $5,500 b. $5,400 d. $4,240 a. 8. B Company purchased a machine for $5,000. The original estimated useful life was four years, with an estimated residual value of $1,000. B Company has depreciated the machine for 2 years using the straight-line method. B Company has now decided that the estimated useful life should be increased by three years, and that the residual value should be reduced to $250. How much depreciation should B Company now record in each remaining year of the machine's life? a. $350 c. $400 b. $450 d. $550 9. The recording of an ordinary repair will increase the carrying value of the asset repaired. a. True b. False 10. Which of the following accounts would not be appropriate to debit for the cost of an extraordinary building repair?: a. the Building' account b. the 'Accumulated Depreciation, Building' account c. the 'Repairs and Maintenance Expense' account Information for questions 4-7: On January 1, Hanson's Deli purchases for $30,000 a delivery truck that will be driven an estimated 100,000 miles. The truck has an estimated useful life of ten years and an estimated salvage value of $6,000. Hanson's fiscal year is the calendar year. Calculate the amounts requested below. 4. The total accumulated depreciation after the truck has been used for 4 years, using the straight-line method would be: a. $4,800 c. $6,800 b. $12,800 d. $9,600 5. Using the production method, compute the depreciation expense for a year in which the truck was driven 20,000 miles. a. $1,200 c. $4,800 b. $6,400 d. $1,600

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