Please solve both questions in entirety. If you can't solve just refund the question. Thanks in advance. (WillLeave good review if all answered?.)

Round all numbers to 2 decimal places. Assume 360 day years / 30 day months Make sure you show ALL your work and attach it to this sheet! QUESTION #1 Holly bought a Honda on April 21, 2021 that cost $20,900. She determined that her Honda had a useful life of 7 years and a salvage value of $2,420. Answer the following questions: A) If Holly uses straight-line depreciation, how much depreciation expense will she recognize on December 31, 2022 B) If Holly uses straight-line depreciation, what is the book value of her Honda on December 31, 2022? C) If Holly uses double-declining balance depreciation, how much depreciation expense will she recognize on December 31, 2022? (round DDB percentage to two decimal places) D) If Holly uses double-declining balance depreciation, what is the book value of her Honda on January 1, 2023? (round DDB percentage to two decimal places) QUESTION #2 On November 1, 2022 Midas Corporation sold equipment that cost $630,000 when purchased on March 1, 2015. The equipment was sold for $200,000. Midas uses straight-line depreciation for their equipment. The equipment that was sold had a 10-year useful life and a $30,000 salvage value. Assuming Midas Corp. uses a calendar fiscal year; show the entries necessary to record the sale of the equipment