Question 3 (1 point) An asset purchased for $180,000 on the first day of the fiscal year with a useful life of 6 years has an annual depreciation expense of: $125,000. $15,000 $26,000. $30,000. Question 4 (1 point) Dolce & Banana gathered the following reconciling information in preparing its October bank reconciliation: Cash balance per books, October 31 $7,200 Deposits in transit $225 Electronic collection of account receivable $1,150 Bank charge for cheque printing $25 Outstanding cheques $1,700 NSF cheque $200 The reconciled cash balance per books at October 31 is O) $5,200. $6.900. $8.125. $5,650