QUESTION 32 On July 1, 2019. Green Co. purchased machinery for $250,000. Salvage value was estimated to be $10.000. The machinery will be depreciated over ten years using the double-declining balance method. Depreciation is computed on the basis of the nearest full month. a) Green should record depreciation expense for 2019 on this machinery of b) Green should record depreciation expense for 2020 on this machinery of QUESTION 33 A company buys an oil rig for $3.000.000 on January 1, 2021. The life of the rig is 10 years and the expected cost to dismantle the rig at the end of 10 years is $600,000 (present value at 10% is $231.330). 10is an appropriate market interest rate for this company. a) The journal entry required to record the asset retirement obligation should include a debit to Oil Rig (fixed asset) for credit to Asset Retirement Obligation for b) Using the straight-line method with no salvage value, the expenses recorded for 2021 as a result of these events should include depreciation expense of and interest expense of and a Note: Use integer only. Don't include S. Use commas in numbers: 3,000 not 3000