The information below related to equipment purchased on Jan 1, 2019. Asset Cost Residual Service Life Value Years/Units Depreciation Expense (Year 2020) Equipment $230,000 $10,000 10 $36,800 The depreciation method used in calculating depreciation expense is O a. Sum-of-the-years' digits method. O b. Double-declining balance method Oc Straight line method. Od Units-of-activity method. Ramallah buys and sells securities and typically classifies them as available for sale. On December 15, Ramallah purchased $700,000 of Jerusalem Corporation shares and elected the fair value option to account for the investment. As of December 31, the shares in Jerusalem Corporation had a fair value of $725 000. In its December 31 financial statements, Ramallah will report pretax Accumulated other comprehensive income of $725,000 O b. Other revenues and gains of $25,000 in its income statement . An investment in Jerusalem Corporation of $700,000 O d. Other comprehensive income of $25,000 At December 31, 2020, Wassel Corporation had the following equity securities that were purchased during 2019. 1 Cost Fair Value Trading Securities: Security A $ 95,000 $ 70,000 Security B 25,000 40,000 Security_C 30,000 66.000 Totals $150,000 $_176,000 The previous fair value adjustment account balance is a credit $8,000. At December 31, 2020 Wassel Corporation makes an adjusting entry a. Debit Fair Value Adjustment- Trading for $34,000 and credit Unrealized Holding Gain/Loss-Income for $34.000 O b. Debit Fair Value Adjustment- Trading for $34,000 and credit Unrealized Holding Gain/Loss-Equity for $34,000 Debit Fair Value Adjustment- Trading for $18,000 and credit Unrealized Holding Gain/Loss-Income for $18,000 OC Od Debit Fair Valle Adinstmont