Required information The following information applies to the questions displayed below. On January 1, Year 1, Jing Company purchased office equipment that cost $18,100 cash. The equipment was delivered under terms FOB shipping point, and transportation cost was $2,600. The equipment had a five-year useful life and a $6,600 expected salvage value. Assuming the company uses the double-declining balance depreciation method, what are the amounts of depreciation expense and accumulated depreciation, respectively, that would be reported in the financial statements prepared as of December 31. Year 3? Multiple Choice $0 and $18,000 Required information {The following information applies to the questions displayed below) On January 1, Year 1, Jing Company purchased office equipment that cost $13,100 cash. The equipment was delivered under terms FOB shipping point and transportation cost was $2,600. The equipment had a five-year useful life and o $6,600 expected salvage value. T2 -21:00 Assume that Jing Company camed $27,800 cash revenue and incurred $17,500 in cash expenses in Year 3. The company uses the straight line method. The office equipment was sold on December 31, Yent 3 for $10,200. What is the company's net income loss) for Year 37 Mutiple Choice (527401