Question 15 (3 points) Disc Company purchased equipment at the beginning of 2008 for $550,000. The company decided to depreciate the equipment over a 10-year period using the straight-line method. The company estimated the equipment's residual value at $50,000. The journal entry to record depreciation expense for 2009 is a debit to Depreciation Expense and a credit to Accumulated Depreciation for $50,000. Accumulated Depreciation and a credit to Equipment for $50,000. Depreciation Expense and a credit to Equipment for $55,000. Depreciation Expense and a credit to Accumulated Depreciation for $55,000. Question 16 (3 points) Assume that Biblios Company has a current ratio of .75. Payment of accrued wages payable would cause the current ratio to decrease. increase. be unchanged since the effects offset one another. Obe unchanged since the transaction does not affect any current asset or current liability. Aggie, Inc.Aggie, Inc. purchased a truck at a cost of $22,000. The truck has an estimated residual value of $2,000 and an estimated life of 5 years, or 100,000 hours of operation. The truck was purchased on January 1, 2009, and was used 27,000 hours in 2009 and 26,000 hours in 2010. Question 17 (3 points) Refer to Aggie, Inc. What amount will Aggie, Inc. report as depreciation expense over the 5-year life of the equipment? $22,000 $16,000 $20,000 $14,000