please help with soluction

5. (5 points) Your Company purchased equipment that cost $855,000 cash on January 1, Year One. The equipment had an expected useful life of six Years and an estimated salvage value of $4,000. Your Company depreciates its assets under the double declining method. Accumulated depreciation at the beginning of Year Three was $285,000. The amount of depreciation expense appearing on the Year Three income statement and the amount of accumulated depreciation appearing on the December 31, Year Three balance sheet would be: Depreciation Expense Accumulated Depreciation Year Company purchased equipment on January 1, Year One for 6. (5 points) $182,000. The machines were estimated to have a 5-year life and a salvage value of $14,250. The company uses the straight-line depreciation method. At the beginning of Year 3, your Company spent $35,000 on a major over haul and the expected life was increased by four years. The new salvage was estimated to me $6,000. The annual amount of depreciation expense for each of the remaining years would be: (Round to nearest dollar if you need to.) 7. (2 points) Buying equipment for cash is a(n) A. asset source transaction. B. claims exchange transaction. C. asset exchange transaction. D. asset use transaction. 8. (8 points) On July 1, 2018, Your Company lent $150,000 to Ace Company. It is a one-year loan and bears interest at 3.5%. Interest and principal are paid at the end of the loan period. Completed the entries for cash flow statement for 12/31/2019. Cash Flow from Operating Activities Cash Flow Investing Cash Flow from Activities Interest income Financing Activities