Question 27 5 pts On January 1, 2020, Anderson purchased computer equipment. The following are details from the purchase: Cost $16,000 Residual Value $2,000 Useful Life 5 years Anderson uses the double-declining depreciation method. What will the book value of the equipment be at the end of the year 2021? O 9,600 O 5,760 0 6,400 O 14,000 Question 28 5 pts Anderson Corp. acquired a machine on April 1, 2020. The following information relates to the purchase: Question 28 5 pts Anderson Corp. acquired a machine on April 1, 2020. The following information relates to the purchase: Cost 20,000 Useful Life 5 years Residual value 2.000 Anderson uses the straight-line depreciation method. What is the balance in Accumulated Depreciation on December 31, 2021? $3,600 $6,300 $7,200 $7,000 Question 29 5 pts Cherry Company sold office furniture for $38,000 cash. The furniture cost $68,000 and had accumulated depreciation through the date of sale totaling $37,000. The company will recognize: a loss of $7,000. O again of $40,000. again of $7,000. a loss of $31,000