Question 4 On January 1, 2018, ABC Company purchased a new machine for $200,000. The machine was assigned a $5,000 residual value and a 20-year life. ABC Company will depreciate the machine using the double-declining balance depreciation method. Calculate the book value of the machine at December 31, 2822 Question 5 On June 1, 2018, XYZ Company paid $150,000 to purchase some .equipment. The equipment was assigned a useful life of 20 years and was to be depreciated using the straight-line method. On October 31, 2022, XYZ Company sold the equipment for $102,970 cash. XYZ Company recorded a loss on the sale equal to $14,965. Calculate the residual value that was assigned to the equipment