Question 1 2 pts A truck was purchased for $40,000. It has an estimated five-year life and a $5,000 estimated salvage value. Using double-declining balance depreciation, what is the asset's carrying value (book value) after one year? O $19.000. $24,000 $26,000 $32,000 Question 2 2 pts Yarborough Company purchased a piece of manufacturing equipment for $42,000 on January 1, 2020. The asset was expected to have a four-year life and a $6,000 salvage value. During 2020, depreciation expense using the straight-line method would be $ 15,000 $ 4,500 O $ 9,000. O $ 10,500 Question 3 2 pts On January 1, 2020, Branson Corporation purchased a machine for $38,600. Branson paid shipping costs of $1,200 for delivery to Branson's warehouse and also paid installation costs of $2,500. Branson estimated the machine would have a useful life of ten years and no estimated salvage value. If Branson records depreciation using the straight-line method, depreciation expense for 2020 is $3,980 $3,860 $4,230 O $4,110