Now lab Auburn Email Personalized Belly... Question 3 Which of the following variables is not needed to calculate straight line depreciation estimated useful life residual value total hours of production cost Question 4 Which method of depreciation will always result in a high first year of depreciation, and progressively reduce each year? time valuation method units of production method straight line method double declining balance method Question 5 1 pts The price for a piece of land with a building on it cost 109,000. It cost $4,500 to tear down the building, $3,800 to level the land, $16,000 for the foundation, and $95,000 to build a new building. How much is the cost of the building that will be depreciated? $95,000 $119,300 $111.000 $114,800