Multiple Choice Question 98 A company purchased factory equipment on June 1, 2022 for $196500. It is estimated that the equipment will have a $16500 salvage value at the end of its 10-year useful life. Using the straight-line method of depreciation, the amount to be recorded as depreciation expense at December 31, 2022 is O $9000. O $10500. O $7500. O $18000. Multiple Choice Question 133 An asset was purchased for $310000. It had an estimated salvage value of $50000 and an estimated useful life of 10 years. After 5 years of use, the estimated salvage value is revised to $43000 but the estimated useful life is unchanged. Assuming straight-line depreciation, depreciation expense in Year 6 would be O $34250. O $52000. O $43333 O $27400 Multiple Choice Question 207 On January 1, a machine with a useful life of 5 years and a residual value of $84000 was purchased for $600000. What is the depreciation expense for year 2 under the double-declining-balance method of depreciation? O $144000. O $192000. O $115200. O $240000