On April 30, 2009, Tilton Products purchased machinery for $55,000. The useful life of this machinery is estimated at 8 years, with an $5,000 residual value. 12. Award: 4.00 points Refer to the information above. Assume that in its financial statements, Tilton Products uses straight-line depreciation and the haff-year convention. Depreciation expense recognized on this machinery in 2009 and 2010 will be $4,687 in 2009 and $6,875 in 201o. O $3750 in 2009 and $7.500 in 2010. $3,125 in 2009 and $6,250 in 2010. O $6,875 in 2009 and $3,438 in 2010. 13. Award: 4.00 points Refer to the information above. Assume that in its financial statements. Tilton Products uses the 200%. declining-balance method and the half-year convention. Depreciation expense in 2009 and 2010 will be: $6,875 in 2009 and $12,031 in 2010. O $13,750 in 2009 and $12,031 in 2010. $13.750 in 2009 and $10,313 in 2010. $6,875 in 2009 and $13,750 in 2010