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Question 2 1.5 pts Company XYZ purchased equipment on January 5, 2020 at a cost of $5,000. The equipment is expected to last 5 years

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Question 2 1.5 pts Company XYZ purchased equipment on January 5, 2020 at a cost of $5,000. The equipment is expected to last 5 years with a salvage value of $300. The company's year end is December 31, 2020. The company uses double declining balance method. Fill in the blanks be sure to not include any commas or decimals unless otherwise stated. For example $1,000,00 should be expressed as 1000. Only include decimals when told. 1. How much depreciation expense should be included in the December 31, 2020 Statement of Income? $ rounded to the nearest $1 2. How much depreciation expense should be included in the December 31, 2021 Statement of Income? $ rounded to the nearest $0.01 3. How much depreciation expense should be included in the December 31, 2022 Statement of Income? $ rounded to the nearest $0.01 Question 1 1.5 pts Answer the following questions: Fill in the blanks be sure to not include any commas or decimals unless otherwise stated. For example $1.000.00 should be expressed as 1000. Only include decimals when told. 1. How much interest is charged per year on a 5% loan with a principle amount of $5,000? rounded to the nearest $0.01. 2. What is the after tax cost of item that cost $4,599.99 plus 13% HST? $ rounded to the nearest $0.01. 3. How many coupon payments are made on a 5 year semiannual bond. payments rounded to the nearest payment

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