On 2015 January 1, Jackson Company purchased equipment for $400,000, and installation and testing costs totalled $40,000. The equipment has an estimated useful life of 10 years and an estimated salvage value of $40,000. If Jackson uses the straight-line depreciation method, the depreciation expense for 2015 is:

Select one:

a. $44,000.

b. $80,000.

c. $36,000.

d. $40,000.

e. $88,000.

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On July 1, 2015, Jackson Company purchased equipment for $400,000, and installation and testing costs totaled $40,000. The equipment has an estimated useful life of 10 years and an estimated salvage value of $40,000. If Jackson uses the double-declining-balance method, the depreciation expense for 2015 would be:

Select one:

a. $72,000.

b. $44,000.

c. $36,000.

d. $40,000.

e. $88,000.

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Hatfield Company purchased a computer on January 1, 2013 for $10,000. The computer had an estimated salvage value of $3,000 and an estimated useful life of five years. At the beginning of 2015, the estimated salvage value changed to $1,000, and the computer is expected to have a remaining useful life of two years. Using the straight-line method, the depreciation expense for 2015 is:

Select one:

a. $1,400.

b. $1,800.

c. $1,750.

d. $2,250.

e. $3,100.