Question 2 On January 1, 2003, Forbes Company purchased equipment at a cost of $50,000 The equipment was estimated to have a residual value of $5,000 and it is being deprecated over eight years under the sum of-the-years-digits method. What should be the charge for depreciation of this equipment for the year ended December 31 2015) $1,250 $1,309 $2,500 O $5,625 Question 3 on May 1, 2015. Goodman Company began construction of building. Expenditures of $120,000 were incurred monthly for 5 months beginning on May 1. The building was completed and ready for occupancy on September 1, 2015. For the purpose of determining the amount of interest cost to be capitalized, the average accumulated expenditures on the building during 2015 were $100,000 O $120,000 5480,000 O $600,000