Question 35 Compute the following adjusting entry amount: [Choose) ( a. ABC Company purchased equipment for $40,000 with a useful life of five years and no expected salvage value. Compute the first year its depreciation expense using the straight-line method b. Compute the book value at the end of the second year of the equipment's life from question (a) [Choose ] C. ABC Company pays its employees every I Choose Friday. On January 2, 20--, the Company paid $6,000 for the 5 days beginning the previous [Choose ] Monday, December 29. Compute wages 10,000 expense accrued on December 31. 16,000 3,600 1,200 667 24,000 36,000 6,000 8,000 hecked a