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please answer all 3 questions ABC Company purchased equipment for $60,000 on January 1, 2018. The estimated useful life of the equipment is 5 years,
please answer all 3 questions ABC Company purchased equipment for $60,000 on January 1, 2018. The estimated useful life of the equipment is 5 years, with a residual value of $5,000 at the end of five years. Using the straight-line method, the book value at December 31, 2018 would be: Select one or more: a. $49.000 b. $44,000 Bc. $55.000 d. $60,000 ABC Company purchased equipment for $60,000 on January 1, 2018. The estimated useful life of the equipment is 5 years, with a residual value of $5,000 at the end of five years Using the straight-We method, depreciation expense for 2019 and the book value at December 31, 2010 would be Select one or more: 2. $11,000 and $30,000 .$12.000 and $36,000 $12,000 and $39.000. d. $11.000 and $33,000 ADC Compary purchased equipment for 500,000 on January 1, 2016. The estimated useful to of the equipment in 5 years, with a residual value of $6.000 at the end of five years. Using the double-decining balance method, depreciation expense for 2018 would be Select one or more: a 522,000 $24,000 $10.000 d. 120.000
please answer all 3 questions
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