QUESTION 40 What is present value of an annuity of $500 for five years at 10% interest compounded annually? Use the TVM tables in your course packet or textbook O $310.45 $80525 O $1.895.40 O $3.05255 QUESTION 41 Which of the following business entities typically involves the disadvantage of double taxation? O Sole Proprietorship O All business entities have double taxation Corporation O Partnership QUESTION 44 A commercial feet truck was purchased for $58.000 on January 1 The company estimates it's salvage value to be $8.000 They expect to use it for four years Assuming the double-declining balance depreciation method is used, what is depreciation expense at the end of year one? O $29.000 $20.000 $12.500 O $11.400