Thank you, I am really stumped.

Canvas -> XC 2 pts Question 7 Applegate Corporation issued $400,000,6%, 10 year bonds and received proceeds of $382,000. What was the carrying value of these bonds at the end of their second year? $396,400. $382,000 385,600 $400,000 2 pts Question 8 On August 31. Freshius Corp. purchased a machine that cost $250,000. If the company uses the straight-line method of depreciation and the machine is estimated to have a life of 6 years and a salvage value of $70,000, the year-1 depreciation for this calendar-year company is: $10,000 $13.889 $30,000 $41.667. 2 pts D Question 9