Question 21 The Charleston Company purchases a machine on 1/1/18: Not yet answered Points out of 3.00 P Flag question Cost Salvage Value Estimated Life Depreciation $24,000 $4,000 8 years Straight-Line The book value at 12/31/20 will be: Select one: a. $14,000 b. $19,000 c. $16,500 d. $15,000 e. $12,500 Question 22 Given the following data: Not yet answered Points out of 3.00 Sales Retums Ending Inventory Freight-Out Overstated Understated $5 $4 $15 P Flag Question Net Income is: Select one: a. Overstated $24 b. Understated $24 c. Overstated $6 d. Understated $16