On January 1,2020 ABAC Farms purchased a machine for $50,000 with a $10,000 salvage value with a 5 year life. What is the depreciation in year 4 ? $800$8,000$4,320$5,000 On October 1,2020, ABAC Farms purchased a machine with a cost of $120,000 and a salvage value of $20,000 and a useful life of 10 years. Assuming ABAC Farms uses straight line depreciation, how much depreciation will be taken in year 11 ? $10,000 None, it will be fully depreciated in year 11 $7,500$5,000 ABAC Farms maintains a $400 petty cash fund. On January 31 , the fund is replenished. The accumulated receipts on that date represent $110 for office supplies, $140 for merchandise inventory, and $70 for miscellaneous expenses. There is a cash overage of $4. Based on this information, the amount of cash in the fund before the replenishment is: $400 $320 $76 $84