Multiple Choice Question 111 A plant asset was purchased on January 1 for $64000 with an estimated salvage value of $20000 at the end of its useful life. The current year's depreciation expense is $4000 calculated on the straight-line basis and the balance of the Accumulated Depreciation account at the end of the year is $20000. The remaining useful life of the plant asset is O 6 years. 16 years. 11 years. O 5 years. Click if you would like to show Work for this question: Open Show Work Question Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER SAMSUNG Multiple Choice Question 217 On January 1, Bramble Corp. issues $4680000, 5-year, 12% bonds at 96 with interest payable on January 1. The entry on December 31 to record accrued bond interest and the amortization of bond discount using the straight-line method will include a debit to Interest Expense, $561600. credit to Discount on Bonds Payable, $37440. debit to Interest Expense, $280800. O credit to Discount on Bonds Payable, $18720. Click if you would like to show Work for this question: Open Show Work Question Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER SAMSUNG