Question 31 Not yet answered Marked out of 1.00 Flag question A customer charges a treadmill at Sports Equipment Shop. The price is $5,000 and the financing charge is 6% per annum if the bill is not paid in 30 days. The customer fails to pay the bill within 30 days and a finance charge is added to the customer's account. What is the amount of the finance charge?( Assume that the year has 360 days) Select one: a. $90 b. $300 c. $9 d. $25 Question 33 Not yet answered Marked out of 1.00 P Flag question On October 1, 2019, Hind Company places a new asset into service. The cost of the asset is $120,000 with an estimated 5-year life and $30,000 salvage value at the end of its useful life. What is the depreciation expense for 2019 if Hind Company uses the straight-line method of depreciation? Select one: a. $24,000 b. $6,000 c. $12,000 d. $4,500 Time left 0:59:14 Question 34 Not yet answered Marked out of 1.00 P Flag question Sami Corporation bought equipment on January 1, 2019. The equipment cost $360,000 and had an expected salvage value of $60,000. The life of the equipment was estimated to be 6 years. The depreciable cost of the equipment is Select one: a. $300,000 b. $50,000. c. $360,000. d. $200,000