Question Completion Status: QUESTION 48 On January 1, 2019, Hongkang Company purchased equipment for $35,000. The company expects to use the equipment for 3 years. The asset has no salvage value. Calculate the accumulated depreciation at December 31, 2020. (Please note that answers should be rounded to the nearest dollar amount, i.e. $1,666.67 should be entered as 1,667) QUESTION 49 On January 1, 2019, Hongkang Company purchased equipment for $89,000. The company expects to use the equipment for 5 years. The asset has no salvage value. Calculate the book value of the equipment at December 31, 2020. (Please note that answers should be rounded to the nearest dollar amount, i.e. $1,666.67 should be entered as 1,667) QUESTION 50 Aston Tate Company collected $83,000 in May of 2020 for 3 months of service which would take place beginning October 2020. Calculate the monthly revenue that is to be earned each month. (Please note that answers should be rounded to the nearest dollar amount, i.e. $1,666.67 should be entered as 1,667)

On January 1, 2019. Hongkang Company purchased equipment for $35,000. The company expects to use the equipment for 3 years. The asset has no salvage value. Calculate the accumulated depreciation at December 31, 2020. (Please note that answers should be rounded to the nearest dellar amount, i. $1.666.67 should be entered as 1,667 ) QUESTION 49 On January 1, 2019. Hongkang Company purchased equipment for $89,000. The company expects to use the equipment for 5 years. The asset has no salvage value. Calculate the book value of try equipment at December 31, 2020. (Please note that answers should be rounded to the nearest dollar amount, L.e. \$1.666.67 should be entered as 1,667) QUESTION 50 AstonTate Company collected $83,000 in May of 2020 for 3 months of service which would take place beginning October 2020. Calculate the monthly revenue that is to be earnod each month. (Please note that answers should be rounded to the nearest dollar amount, i.e. \$1.666.67 should be entered as 1,667 )