Question 63 (15 points) A bus is purchased for $41,000. The shipping cost was $740 and adjustments to the engine cost $3,010. Hiring the full-time driver costs $20,000. The salvage value is estimated to be $5,000 and the useful life is estimated to be 5 years. The bus is estimated to also be useful for 250,000 miles. Using the straight line depreciation method, calculate the book value at the end of year 3, D View hint for Question 63 Question 64 (10 points) Goodwill in never amortized. a) True b) False Question 65 (15 points) 3T Corp purchases 20.000 shares of MK Corp's 100,000 shares of common stock outstanding for $80,000. What is the balance in 3T's Equity Investment Method account if MK recorded a net income of $3,000,000 and its Board of Directors declared a dividend of $500,000? a) $780,000 b) $3,580,000 06 c) 330,000 d) $580,000