^last answer is balence sheet:credit:increase

The Allowance for Doubtful Accounts and Accumulated Depreciation are found on the of a and they cause total assets to they have a normal balance Multiple Choice balance sheet: credit decrease. balance sheet; debit: increase Income statement, debit: decrease. income statement: credit, decrease Which of the following statements about the end of an asset's life is correct? Multiple Choice At the end of an asset's life, the Accumulated Depreciation should equal the residual value. Assets are depreciated below residual value only when the double-declining balance method is used. An asset's accumulated depreciation reduces net income for the period At the end of an asset's life, the book value should equal its residual value. In January 1 of 2020, Green Corp purchased equipment for $180,000. The equipment has an estimated useful life of 3 years and a residual value of $8,400. What is the depreciation expense for the equipment for 2022 (year 3) under the double-declining balance method? Multiple Choice O $8,400 0 $11,600 $13,333 6 $6,667 In January 1 of 2020, Green Corp purchased equipment for $180,000. The equipment has an estimated useful life of 3 years and a residual value of $8,400. What is the depreciation expense for the equipment for 2022 (year 3) under the double-declining balance method? Multiple Choice O $8,400 0 $11,600 $13,333 6 $6,667