Question 13 2 pts Lamber Company has a piece of equipment which costs $10,000 and has a residual value of $400. The estimated life of the equipment is 6 years. Which of the following is true? Annual depreciation expense under straight-line method is $3,333. O Annual depreciation expense under double-declining balance method is $3,200. Accumulated depreciation under double-declining balance method will be $10,000 at the end of Year 6. Accumulated depreciation under double-declining balance method will be $5,500 at the end of Year 2. Accumulated depreciation under straight-line method will be $1,600 at the end of Year 1. > Question 14 2 pts King Corporation purchased machinery on January1, Year One. The annual depreciation expense of machinery was $5,000. The book value of machinery at the end of Year Two was $85,000. What is the original cost of machinery? $85,000 o $90,000 $95.000 $100,000 $105,000