QUESTIONS Wang Company purchased factory equipment on July 1, 2021 for $162,000. It is estimated that the equipment will have a $21,000 salvage value at the end of its 10-year useful life. The company uses the straight-line method of depreciation Calculate the amount to be recorded as depreciation expense at December 31, 2021. QUESTION 6 Using the percentage-of-receivables method for recording bad debts expense, estimated uncollectible accounts are $68,000. The balance of the Allowance for Doubtful Accounts is $2.000 debit before adjustments, Calculate the bad debt expense for that period. QUESTION 7 Compaq Company purchased a new van for floral deliveries on January 1, 2020. The van cost $112,000 with an estimated Me of 5 years and $11,000 salvage value at the end of its useful life. The double-declining balance method of depreciation will be used Calculate the depreciation expense for 2021. (Answer should be founded to the nearest dollar, 1.03.078.923 would be entered as 3,079)