QUESTION 1 Which of the following would be considered capital expenditures (debit to an asset)? Sales tax on the purchase of equipment Purchase of cleaning supplies to clean the company's microwave A special concrete foundation that was poured specifically for a new piece of equipment Installation costs for installing a new piece of equipment U General maintenance costs for a piece of equipment that has been in service for ten years Routine oil change for a van Repair of damage incurred on a new piece of equipment while the new equipment was being brought into the company's office Attorney's fees incurred to review the purchase agreement for a new piece of equipment Installation of a parking lot around a retail building Freight costs for the delivery of a purchased used printing press QUESTION 2 Sophia Company purchased equipment costing $100.000. The equipment has a residual value of $20.000 and an estimated useful life of 5 years. Using the straight-line method, calculate the depreciation for year 1 and year 2 Year 1: Year 2