of 25 Destion 8 yer Flag question Use the following information to answer the question Mitchell Corporation bought equipment on January 1, 2022. The equipment cost $120,000 and had an expected salvage value of $20,000. The life of the equipment was estimated to be 6 years. Straight-line depreciation was used. The depreciation expense each year is: O a $23,333 Ob. $24,000 OC $16,667 Od $20,000 Use the following information to answer the question Mitchell Corporation bought equipment on January 1, 2022. The equipment cost $120,000 and had an expected salvage value of $20,000. The life of the equipment was estimated to be 6 years. Straight-line depreciation was used The book value of equipment at the end of the fifth year would be approximately O $36,667 Ob. $16,667 OF $86,667 Od $70,000 C. 183333 SHE 10 3 ut of 25 question If York Corporation has 80,000 shares of common stock authorized, 50,000 shares of common stock unissued, and holds 12,000 shares of common stock as treasury stock, the total number of outstanding shares of York Corporation amounts to: Select one: Oa. 42,000 O b. 18,000 c 30,000 Od. 68,000 O 62,000 Which of the following statements is not true about a 2-for-1 stock split? Select one Total contributed capital increases Ob. Par value per share is reduced to half of what it was before the split Oc Astockholder with ten shares before the split owns twenty shares after the split Od. The market price per share probably will decrease