Question 3 5 points Saved Company C. purchased equipment for 110,000 on 1/1/2020. The depreciation expense on the equipment was 10,000 for 2020 and 10,000 for 2021. The residual value of the equipment is 10,000. At 12/31/2021 what is the book value of the equipment? A. 110,000 B. 90,000 C. 80,000 D. 70,000 E. None of the above Question 4 Company A. purchased equipment for 90,000 on 1/1/2020. What is the book value of the equipment on 1/1/2020, the date of purchase? A. 100,000 B. 95,000 C. 90,000 D. 80,000 E. None of the above