Question 38 3 pts Davidson, Inc. purchased a building on January 1, 2019 for $700.000. The building has an expected service life of 10 years and expected residual value of $100,000. Assuming straight-line depreciation, what will the 2020 accumulated depreciation be on this building? (Hint: 2 full years of depreciation will have been reorded) $140,000 $60,000 590.000 $120.000 > Question 39 3 pts On December 18, 2019, Seifert Corp. declared a $40.000 dividend to be paid on January 25, 2020 to shareholders of record on January 3, 2020. What joumal entry will Seifert Corp make on December 18, 2019 DR. Dividends 40,000 CRDividends Payable 40.000 DR Treasury Stock 40,000 CR Dividends Payable 40.000 DR: Dividends Expense 40.000 CR: Dividends Payable 40.000 DR: Dividends 40.000 CR: Cash 40.000 Courier Logistics Corp. will issue $2.400,000 in 8-year bonds that pay 4% annually. The market rate for bonds of similar risiness and maturity is 5%. How much cash will Courier Logistics Corp. receive from this bondance Exam Blank Excel File 4.xlsx 596000 52 561.505 52.400.000 $2.244BBA 3 pts Question 41 Barry will receive $400,000 in 20 years from a trust fund his Nana set up for him. He believes he can earn 10in his Investment account each year. What is the value to Barry in today's dollars of his future payment from the trust fund? Exam Blank Excel file.al 564,602 559456 $2.691.000 $400.000