On January 1, 2021, Blue Corporation purchased a machine for $30.000 cash Blue estimates that the machine has a useful life of 5 years and a salvage value of $5,000. What is the depreciation expense for 2021 on the machine if Blue uses the straight-line method of depreciation! $7.000 $6.000 $4.000 $5.000. 3.85 pts Question 32 Question 32 25 Using the same information for Blue Corporation in the question above, what is the depreciation for the second year 2022. on the machine Blue uses the declining balance method of depreciation? $6,000 $7.200 $12.000 $10,000 3.85 pts Question 33 385 pts Red Corporation purchased a machine on January 1, 2021 for $10,000. The machine had a salvage value of $2.000, a use of 4 years, and Red uses the straight-line method of depreciation. After one year, Red changes the total useful life of the machine to 6 years rather than 4 years and changes the salvage value to $1,000 instead of $2,000. Red will revise its depreciation, what is the depreciation expeme for 2022 O $1,000 $1,200 $1.400. $1,600 vo Question 34 35 Calipari Corporation bought a warehouse several years ago for $500.000. On March 1, 2021 sells the warehouse for $275.000. Over the years and to the date of sale, Calipari had accumulated depreciation on the warehouse of $300,000. Determine the amount of pain or loss that Calipari tus on the sale of the warehouse. $75.000 gain $75,000 loss $225,000 loss $25.000 loss