MyEducator Tasks $9,000 O $11,000 O $16,000 49) On January 1 of Year 1, a company purchased a machine for $10,000. The machine is expected to have a 10-year useful life and a salvage value of $2,000. The company uses double-declining-balance depreciation. What is the amount of depreciation expense on this machine for Year 1? O $800 O $1,000 $1,600 $2,000 50 On January 1 of Year 1, a company purchased a franchise for $100,000. The franchise is expected to have a five-year economic useful life. The franchise is assumed to have zero salvage value at the end of its economic useful life. The company uses straight-line amortization. Media made easy Beats Audio 52F Sunny ^ x 5:39 PM 1/27/2022 100%