On January 1, 2018, a machine with a useful life of five years and a residual value of $2,500 was purchased for $25,000. Using the double diminishing-balance method, the depreciation expense for the year ending December 31, 2019 would be $10,000 $ 5,400. O $6,000 O $ 9,000. Jemima Ltd. purchased factory equipment for $200,000, and estimated that the equipment will have a $20,000 residual value at the end of its estimated 5-year useful life. If Jemima uses the double diminishing-balance method of depreciation, the depreciation expense for the second year after purchase would be O $48,000. $72,000. $80,000 $43,200. On January 1, 2018, Anvil Corp. purchased equipment for $60,000. It was expected to last 5 years, after which it will be sold for $5,000. It is expected to be used for a total of 10,000 machine hours, and was used for 750 hours during the year ended December 31, 2018. The depreciation expense for 2018 using the double diminishing-balance method will be O $24,000. $12,000. $11,000. O $12,250. in the return on assets is positive, an increase in total assets will result in an increase in the return on assets. the effect cannot be determined. a decrease in the return on assets. O no change in the return on assets