Question 5 ABC Co. purchased a machine on 1 January 2021 for $30,000. Its EUL is 10 years. What is the journal entry on 31 Dec 2021 to record annual depreciation for 2021 year? A. Debit Depreciation Expense $3,000 Credit Cash $3,000 8. Debit Cash $3,600 Credit Accumulated Depreciation 33,000 C. Dobit Owner Equity 53,600 Credit Accumulated Depreciation $3,000 D. Debat Depreciation Expense 53,999 Cudit Accumulated Depreciation 53,000 Debit. Depreciation Expense 53,000 Credit Cash $3.000 Question 2 who is not an objective of Internal Control on Financial Statements ? 1. See ots of the com 2. Financial Statements are free from a statement 1. in Stunts are prepared on the basis of ITICS Stents are correctly prepared by the Auditors Sings of the company ancal Statements are correctly prepared on the base of IFRS mentre come prepared by the Auditor Time of