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Need help on accounting questions. , I just need the multiple choice answers... Question 9: In the straight line depreciation formula you learned in this

Need help on accounting questions. , I just need the multiple choice answers...

Question 9: In the straight line depreciation formula you learned in this course:

A: the amount of charge (depreciation expense) will decrease each period as the depreciable base shrinks

B: two of the choices above represent correct statements

C: the numerator of the fraction represents the gross cost of the asset

D: salvage value (residual value) must be taken into account and this will necessarily increase the size of the reported expense

E: an equal charge against earnings will result each period

Question 10: Sally Driver operates and is the sole owner of a firm called OTS .OTS had 2011 revenues of $220,000, expenses of $140,000, and an income tax rate of 30 percent. Net income after taxes would be

A: $56,000

B: None of the above

C: $252,000

D: $24,000

E: $80,000

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