Question 13 2 points Saved DEPRECIATION: Company B purchased equipment for 110,000 on 1/1/2020. The equipment has a useful life of 10 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 c. 11,000 d. 10,000 e. None of the above Question 14 FINANCIAL RATIOS: Which financial ratio is defined as cost of goods sold divided by average merchandise inventory? a. Days sales in inventory b. Debt-to-Equity ratio C. Acid-test ratio d. Accounts receivable turnover ratio e. None of the above