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5/17 CH9 (B) Left Time: 33:34 Sum Progress: 2/16 5. Three widely used methods of allocating the cost of equipment over its useful life are Multiple-Choice (4 Points) O A FIFO, UFO, and weighted average OB. Straight line units-ot-production, and declining-balance C None of these are correct OD Depreciation, location, amortration, and depletion 6. Teresa Company installs a manufacturing machine in its factory at the beginning of the year at a cost of $90.000 The machine's useful life is estimated to be 6 years or 500,000 units of product, with a 38.000 residual value During its second year, the machine produces 85.000 units of product What journal entry would be needed to record the machines second year depreciation under the units-ot-production method? Multiple Choice 4 Points O A Dobrt Depreciation Expense 13,120 criculottercato 13,120 Debit Depletion Expense $13,940, credit Accumulated Depletion 513.940. Debat Depreciation Expense 13,40; credit rated preston 13.940 Debit Depletion Expense 513,120 credit Accumulated Depletion $13.120