Machine costing $480,000 has an estimated salvage value of $40,000 and (lifetime output is estimated at 110,000 units; a firm produced 12,000 units in year one and 18,000 in year two). The depreciation expense for the second year using the units of (activity) method is----.

Select one:

a. $73,000.

b. $72,000.

c. $75,000.

d. $74,000.

The current maturities on long term debt is----

Select one:

a. long term asset.

b. current liability.

c. long term liability.

d. Current asset.