Question 8 (0.5 points) Folder Inc. purchased equipment on the first day of the year for $210,000 with an estimated useful life of 15 years and no salvage (residual) value. Using straight-line depreciation, what is the book value of the asset at the end of the first year? Enter your response as a whole number, no commas, no dollar signs. Your Answer: Answer Question 9 (0.5 points) Folder Inc. purchased equipment on the first day of the year for $250,000 with an estimated useful life of 11 years and no salvage (residual) value. Using straight-line depreciation, what is the BOOK VALUE of the asset at the end of the first year? Enter your response as a whole number, no commas, no dollar signs. Your Answer: Answer Question 10 (0.5 points) Maple Co. provides for bad debts expense at the rate of 1.13% of credit sales for the period. On Jan 1, 20X1, the Allowance for Bad Debts was $31,000. There were $16,000 of accounts written off during the year. Credit sales for the year were $740,000. What is the balance in the Allowance for Bad Debts account? Enter your response as a whole number, no commas and no dollar signs. Your