Question 7 On August 1. 2018. a company purchases equipment for $49.000. The company uses the straight-line depreciation method and estimates that the equipment will have a salvace value of 000. The company's annual accounting period ends on December 31. In the duting entry on December 31, 2017, the company wit life of 10 years and Debit counted Depreciation 4 500 Depreciation Expense 54500 Debit Depreciation Experie17.cred Accumulated Depreciation 51.875 Debt Depreciation bene 4500.cred c aedDepreciation $4.500 Question 8 Bad Debt Expense appears on which financial statement? Statement of owner's Question Moore Company purchased a truck for $75.000. The company uses the units of production method for depreciating trucks. The company expects to drive the truck 100.000 miles over its useful le. The salvage is estimated to be $1.000. the truck driven 25.000 miles in its first year, how much Depreciation Bapere should the company record that year