Question 16 4 pts The following information pertains to the next three questions (Questions 16, 17 and 18). ABC Company purchased a piece of manufacturing equipment for $39,000 on January 1, 2020. The equipment was expected to have a six-year life and a $3,000 salvage value. If ABC uses the straight-line method of depreciation, the amount of depreciation expense for 2020 would be O $ 6,000 $12.000 $ 6,500 $13,000 D Question 17 4 pts Based on the information provided in Question 16, if ABC uses the double-declining balance method of depreciation, the amount of depreciation expense for 2020 would be O $ 6,500. O $6,000 $12.000 O $13.000. Question 18 4 pts Assume that ABC Company uses the straight-line method described in Question #16 and subsequently sells the asset on January 1, 2021. If the company sells the asset for $30,000, the statement of cash flows would report a $3.000 cash outflow from the loss on the sale of the asset in the operating activities section $3.000 cash outflow from an asset disposal in the investing activities section $30,000 cash inflow from an asset disposal in the investing activities section ho $30.000 cash inflow from an asset disposal in the operating activities