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Question 42 3 pts Sevier, Inc. purchased a machine at a cost of $354,000. The estimated service life is 6 years, and the estimated residual
Question 42 3 pts Sevier, Inc. purchased a machine at a cost of $354,000. The estimated service life is 6 years, and the estimated residual value is $66,000. The company uses the double-declining-balance method. Depreciation expense for the first year is: $96,000 $72,000 5118,000 $88.500 Question 43 3 pts On July 1, 2019. Sampson, Inc. issued $900.000, 15-year, 6% stated interest rate bonds. They received $864,001 from the Issuance. These bonds are selling at? A Premium O Par O A Discount Not enough information to determine D Question 44 3 pts A company purchased a tractor on January 1, 2018, for $95,000. The tractor's useful life is estimated to be 40.000 hours with an expected residual value of $15,000. If the company used the tractor 5.000 hours in 2018 and 3.000 hours in 2019, what is the book value of the tractor at the end of 2019 using the activity-based method? $6.000 $16,000 O 579,000 O $85.000 3 pts D Question 45 On July 1, 2019. Sampson, Inc. issued $900,000. 15-year, 6% stated interest rate bonds. They received $964,897 from the Issuance. This issuance price indicates that the market rate of interest is more than 6% nothing about the market rate of interest that the market rate of interest is lower than 6% that the market rate of interest equals 6%
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