Question 1 (1 point) Mustang Crushers Ltd. has crushing equipment with a cost of $ 600000. The equipment is estimated to last 20 years and to crush an estimated 330000 units during its lifetime at which time it will have an estimated residual value of $ 56000. It is to be depreciated using the units of production depreciation method. During the current year, 35600 units were crushed. Calculate depreciation expense for the crushing equipment for the current year. Round your answer to the nearest dollar. Your Answer: Question 2 (1 point) What is the goal of the International Accounting Standards Board? To develop rules for listing securities in any market To have worldwide acceptance of a set of international generally accepted accounting principles To develop accounting principles to meet the legal and tax needs of countries To protect the right of each country to develop and maintain its own accounting standards Question 3 (1 point)