Question 1.1.Use the following information to answer questions 15. A pressurized spray painter was purchased on April 1 of the fiscal year for $3,900. It has a useful life of 4 years, and a residual value of $300. Determine depreciation expense for year one using the double-declining-balance method. (Points : 3)

$3900.00 $1462.50 $2437.50 $1500.00

Question 2.2.Use the following information to answer questions 15. A pressurized spray painter was purchased on April 1 of the fiscal year for $3,900. It has a useful life of 4 years, and a residual value of $300. Determine depreciation expense for year two using the double-declining-balance method. (Points : 3)

$1218.75 $3900 $2437.50 $1500.00

Question 3.3.Use the following information to answer questions 15. A pressurized spray painter was purchased on April 1 of the fiscal year for $3,900. It has a useful life of 4 years, and a residual value of $300. Determine depreciation expense for two using the straight-line method. (Points : 3)

$300 $3900 $600 $900

Question 4.4.Use the following information to answer questions 15. A pressurized spray painter was purchased on April 1 of the fiscal year for $3,900. It has a useful life of 4 years, and a residual value of $300. Determine depreciation expense for year one using the straight-line method. (Points : 3)

$300 $3900 $600 $675

Question 5.5.Use the following information to answer questions 15.

A pressurized spray painter was purchased on April 1 of the fiscal year for $3,900. It has a useful life of 4 years, and a residual value of $300.

If the equipment is sold at the end of year one for $3225, what will be the gain or loss on the sale,assuming that the company used the straight line method of depreciation. (Points : 3)

$1000 $100 $2225 $0