Question 1 2 pts Time Elapsed: Hide Attempt due: Jul 9 at 11:59pm 11 Minutes, 50 Seconds On March 1st 2022, Bulldozer Inc purchases a forklift for $65,000. The expected salvage value is $10,000 and the forklift is expected to have a useful life of 10 years. Calculate the first years depreciation expense as of 12/31/2022, utilizing the straight line method, and book the JE of the depreciation below. Account A/C Debit Credit Description 4583.33 Dec 31, 2022 Depreciation Expen Accumulated Depre 4583.33 Question 2 2 pts On January 1st 2023, Bulldozer Inc purchases another forklift for $90,000. The expected salvage value is $15,000 and the forklift is expected to be driven for 60.000 miles over its expected useful life of 10 years. Calculate the first years depreciation expense as of 12/31/2023, utilizing the units- of-activity method. The forklift is expected to be driven for 4,500 miles in the first year. A/C Account Description Debit Credit 562500 Dec 31, 2023 Depreciation Expen Accumulated Depre 562500 D Question 3 2 pts On July 1st 2023, Bulldozer Inc purchases a forklift for $65,000. The expected salvage value is $10,000 and the forklift is expected to have a useful life of 10 years. Calculate the first years depreciation expense as of 12/31/2023, utilizing the double declining method, and book the JE of the depreciation below. A/C Account Description Debit Credit 6500.00 Dec 31, 2023 Depreciation Expen Accumulated Depre 6500,00 D Question 4 2 pts On July 1st 2023, Bulldozer Inc purchases a forklift for $65.000. The expected salvage value is $10,000 and the forklift is expected to have a useful life of 10 years. Calculate the second years depreciation expense as of 12/31/2024, utilizing the double declining method, and book the JE of the depreciation below. A/C Account Description Debit Credit