Question 11 pts

XYZ Enterprises purchased equipment for $70,000 on January 1, 2015. The equipment is expected to have a five-year life and a residual value of $10,000. Using the straight-line method, XYZs Depreciation Expense for 2015 would be (omit $ and , in the answer):

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Question 21 pts

XYZ Enterprises purchased equipment for $70,000 on January 1, 2015. The equipment is expected to have a five-year life and a residual value of $10,000. Using the straight-line method, the Accumulated Depreciation on XYZ's equipment at the end of2016 would be (omit $ and , in the answer):

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Question 31 pts

XYZ Enterprises purchased equipment for $70,000 on January 1, 2015. The equipment is expected to have a five-year life and a residual value of $10,000. Using the straight-line method, the Net Book Value of XYZs equipment at the end of 2017 would be (omit $ and , in the answer):

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Question 41 pts

XYZ Enterprises purchased equipment for $70,000 on January 1, 2015. The equipment is expected to have a five-year life and a residual value of $10,000. Using the double-declining balance method, XYZs Depreciation Expense for 2015 would be (omit $ and , in the answer):