Question 82 (1 point) On January 1, 2022, Anvil Corp. purchased equipment for $60,000. It was expected to last 5 years, after which it will be sold for $5,000. It is expected to be used for a total of 10,000 machine hours, and was used for 750 hours during the year ended December 31, 2022. The depreciation expense for 2022 using the double diminishing-balance method will be A) $12,250. B) $12,000. C) $11,000. D) $24,000. Question 83 (1 point) The board of directors of Wessex Inc. declared a cash dividend on November 15, 2022, to be paid on December 15, 2022, to shareholders owning shares on November 30, 2022. Given these facts, the date of November 30, 2022, is referred to as the A) declaration date. B) payment date. C) due date. D) authorization date. E) record date. Question 84 (1 point) On October 1, 2022, Ming Wo Ltd. places a new asset into service. The cost of the asset is $16,000 with an estimated 5-year life and $4,000 residual value. Ming Wu only does adjusting entries at year-end. If Ming Wo uses straight-line depreciation, the depreciation expense for the year ended January 31, 2023 is A) $ 600. B) $ 800. C) $1,067. D) $2,400