n 21 Sales taxes collected by the retailer are recorded as a(n) d out of Select one: O a. liability. question O b. The answer does not exist O C. revenue. d. expense. e. asset. ion 22 t Farr Company purchased a new van for floral deliveries on January 1, 2017. The van cost $56,000 with an estimated life of 6 years and $1400 salvage value at the end of its useful life. The double- declining-balance method of depreciation will be used. What is the depreciation expense for 2017? ered ed out of lag question Select one: a $22,400 O b. The answer does not exist C. 58,400 d. $16,800 o e. $11,200