question 8

question 11

Mohr Company purchases a machine at the beginning of the year at a cost of $46,000. The machine is depreciated using the double-declining balance method. The machine's useful life is estimated to be 5 years with a $4,000 salvage value. The machine's book value at the end of year 2 is: Multiple Choice $25,200 0 $11.600 0 0 $18.400 $16,560. $27,600. Savvy Sightseeing had beginning equity of $84,000; revenues of $126,000, expenses of $77,000, and withdrawals by owners of $10,200. Calculate the ending equity. Multiple Choice O $122.800 O $49,000 O $133,000 . $24,800. $35,000