Question 1 1 pts An executive of Caribbean Coffee wants to know how much depreciation was recorded on its long-term assets during 2020. Which account on the company's income statement will show this amount? Accumulated depreciation Loss on sale of land Depreciation expense Net book value Question 2 1 pts Vase Corporation purchased new manufacturing equipment on November 30, 2020 for $45,000. Vase calculates annual depreciation of $4,500 on the equipment. What is the net book value of the equipment on December 31, 2021? $40,125 O $49,875 O $40,500 $36,000 Ellen Enterprise incurred the following costs related to its new building: Purchase price $300,000 Realtor fees 9,000 Title fees 5,000 Utility costs for the first year 12.000 How much should Ellen Enterprise record bits Building account? O $314,000 $300,000 $312,000 $326,000 Question 4 1 pts Where in the financial statements does accumulated depreciation appear? Operating expenses section of the income statement Current assets section of the balance sheet by Long-term assets section of the balance sheet Liabilities section of the balance sheet