QUESTION 6 On January 2, 2020. Kello Corporation acouired equipment for $300,000. The estimated te of the equipment is 5 years. The estimated residual value is $20,000. If Kelioguses the straight line method of depreciation what will be the debt to depreciation expense for the year ended December 31, 2020 O SA 000 $56.000 563.000 $67.500 QUESTION 7 Which of the following investments should be accounted for using the equity method? Investments of less than 20% of an investee's stock All stock investments should be accounted for using the equity method investments between 20% and 50% of an investee's stock Investments of more than 50% of an investee's stock QUESTIONS On November 15th Maxwell Corporation purchased 70 shares of Tyrone Company for $30 per share planning to hold the investment for a short time On December 31st when the company is preparing arend financial statements Tyrone stock is valued at $32 per share. The company will recognize 140 red in