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please answer 42 and 43 Question 42 3.33 pts On January 1, Homes Realty purchased a $45,000 vehicle to chauffeur clients to prospective homes. Homes

image text in transcribed please answer 42 and 43
Question 42 3.33 pts On January 1, Homes Realty purchased a $45,000 vehicle to chauffeur clients to prospective homes. Homes plans on driving the vehicle for five years or 100,000 miles. Expected residual Ksalvage) value is $10,000 The balance in the accumulated depreciation account at the end of Year 2 of the asset, after recording depreciation using the double-declining balance method, is: $10,800 $27.000 $16,200 $28,800 3.33 pts Question 43 A loss is recorded on the disposal of plant assets when An asset is sold for a price greater than the asset's book value The asset's salvage value is less than the cash received The asset's book value is greater than the amount of cash received from the sale The asset's depreciable cost is greater than the cash received

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