Question 27 2 points Saved 5 DEPRECIATION: Company L purchased equipment for 135,000 on 1/1/2020. The equipment has a useful life of 5 years and a residual value of 15,000 and accumulated depreciation of 60000 at 12/31/20.. Using the double declining balance method of depreciation, what is the amount of depreciation expense for 2021? a. 36000 b. 30000 C. 24,000 d. 12000 e. None of the above Question 28 2 points Save Answer PARTNERSHIP INCOME DISTRIBUTION: For partnership Y, if total partners salary allowances are 300,000, total interest on the partners' original capital balances is 400,000, and the remainder of the partnership's net income is 100,000, how much is the total partnership net income? a. 900,000 b. 800,000 c. 300,000 d. 100,000 e. None of the above