QUESTION 1 A capital expenditure results in a debit to a a liability account b an asset account C. an expense account d. a capital account QUESTION 2 Computer equipment that was acquired at the beginning of the year at a cost of $57,000 has an estimated residual value of $9,000 and an estimated useful life of 5 years. Determine the second-year depreciation using the straight-line method. a $9,600 b. $13,200 . $9,000 d $19.200 QUESTION 3 Residual value is also known as all of the following except O a. salvage value 0 b. trade-in value c. scrap valuc d. net book valuc QUESTION 4 The amount of the depreciation expense for the second full year of use of a fixed asset costing $100,00, with an estimated residual value of $$,000 and a usefal life of 4 years, is $25,000 by the double-declining-balance method. False