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Question 11 5 points Sa Company B purchased equipment for 110,000 on 1/1/2020. The equipment has a useful life of 5 years and a residual
Question 11 5 points Sa Company B purchased equipment for 110,000 on 1/1/2020. The equipment has a useful life of 5 years and a residual value of 10,000. Using the straight-line method of depreciation, what is the amount of depreciation expense for 2020? A. 100,000 B. 22,000 O C. 20,000 D. 10,000 E. None of the above Question 13 5 points Save An investment in equity securities in which the investor holds less than 20% of the investee's voting stock and in which the investor lacks the ability to participate in the decisions of the investee company is classified as A. No significant influence equity investments B. Held-to-maturity (HTM) debt investments C. Available-for-sale (AFS) debt investments D. Trading debt Investments E. None of the above
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