On January 1, Year 1, Milton Manufacturing Company purchased equipment with a list price of $18,000. A total of $600 was paid for installation and testing. During the first year, Milton paid $5,100 for insurance on the equipment and another $510 for routine maintenance and repairs Milton uses the units-of-production method of depreciation Useful life is estimated at 100,000 units, and estimated salvage value is $1.200. During Year 1, the equipment produced 12,000 units. What is the amount of depreciation for Year 1? Multiple Choice $2,761 $2.088 $2844 On January 1, Year 1, Missouri Co, purchased a truck that cost $45,000. The truck had an expected useful life of 10 years and a $4,000 salvage value. Missouri uses the double declining-balance method. What is the amount of depreciation expense recognized in Year 2? Multiple Choice $5,500 $2,200 $4.500 59,000 On January 1, Year 1, Friedman Company purchased a truck that cost $27,000. The truck had an expected useful life of years and an $7,000 salvage value. Friedman uses the double-declining-balance method. What is the book value of the truck at the end of Year 17 (Do not round Intermediate calculations.) Multiple Choice $1350 $20,250 $22.000 On January 1, Year 1, Friedman Company purchased a truck that cost $32,000. The truck had an expected useful life of 200,000 miles over 8 years and an $7000 salvage value. During Year 2, Friedman drove the truck 35,000 miles. Friedman uses the units-of-production method. What is depreciation expense in Year 2? (Do not round intermediate calculations.) Multiple Choice 0 $4,375 55,600 $3.925