Question 10 Not yet answered Marked out of 2.00 P Ft Question Saul Company purchased a tractor at a cost of $180,000. The tractor has an estimated salvage value of $20,000 and an estimated life of 8 years, or 12,000 hours of operation. The tractor was purchased on January 1, 2019 and was used 2,400 hours in 2019 and 2,200 hours in 2020, What amount will Saul Company report as depreciation expense over the 8-year life of the equipment using straight-line depreciation? Select one: A. $ 40,000 B. $ 25,000 C. $160,000 D. $180,000 Question 11 Not yet answered Marked out of 2.00 P Flag question Oval Company, acquired a machine that involved the following expenditures and related factors: $76,000 2,850 1,140 1,350 Gross invoice price Sales tax Cash discount taken Freight Assembly of machine Installation of machine Assorted spare parts for future use Tuning and adjusting machine before use 1,800 2,700 5,400 900 The initial accounting cost of the machine should be: Select one: O A. $87,010 O B. $85,600 O C. $84,460 O D. $89,860 Question 12 Not yet answered Marked out of 2.00 P Flag question Nutgum Company made a package purchase of three pieces of machinery for 548,000. The fair market values of the machinery were determined to be as follows: Machine A Machine B Machine $24,000 38,400 33,600 What cost should Nutgum record for Machine C? Select one: A. $19,200 B. 516,800 C$12,000 O D. $33,600