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Please Answer both questions 8 On April 30, Year 1, Tilton Products purchased machinery for $110,000. The useful life of this machinery is estimated at

Please Answer both questions

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8 On April 30, Year 1, Tilton Products purchased machinery for $110,000. The useful life of this machinery is estimated at 8 years, with an $10,000 residual value. Tilton uses a calendar year-end for financial reporting. Assume that in its financial statements, Tilton Products uses the 200%-declining-balance method and the half-year convention. Depreciation expense in Year 1 and Year 2 will be: eBook Multiple Choice $13,750 in Year 1 and $27,500 in Year 2. $13,750 in Year 1 and $24,063 in Year 2. $27,500 in Year 1 and $24,063 in Year 2. $27,500 in Year 1 and $20,625 in Year 2. 9 On April 30, Year 1, Tilton Products purchased machinery for $176,000. The useful life of this machinery is estimated at 8 years, with an $16,000 residual value. Tilton uses a calendar year-end for financial reporting. Assume that in its financial statements, Tilton Products uses the 150%-declining-balance method and the half-year convention. Depreciation expense in Year 1 and Year 2 will be: eBook Multiple Choice $30,000 in Year 1 and $27,375 in Year 2 $33,000 in Year 1 and $33,000 in Year 2 $16,500 in Year 1 and $29.906 in Year 2 $33,000 in Year 1 and $29.906 in Year 2

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