Mohr Company purchases a machine at the beginning of the year at a cost of $40,000. The machine is depreciated using the double-declining-balance method. The machine's useful life is estimated to be 8 years with a $6,000 salvage value. Depreciation expense in year 2 is: Multiple Choice $10,000. $5,000. $30,000. $8,500. $7,500. A company's history indicates that 25% of its sales are for cash and the rest are on credit. Collections on credit sales are 20% in the month of the sale, 50% in the next month, and 20% the following month. Projected sales for January, February, and March are $73,000, $98,000 and $108,000, respectively. The March expected cash receipts from current and prior credit sales is: Multiple Choice $63,900 $53,100 $103,000 $85,200 $74,700 On January 1, a company issued and sold a $410,000, 4%, 10-year bond payable, and received proceeds of $405,000. Interest is payable each June 30 and December 31. The company uses the straight-line method to amortize the discount. The carrying value of the bonds immediately after the second interest payment is: Multiple Choice $409,750. $405,500 $410,000. $405,250 . $404,750