The Kuhn Corporation purchased machinery for use in its business on Ianuary 1, 2020 to $100.000 The machinery is 8 years and has an estimated salvage value of $10,000. The corporation was the right of the recorded the depreciation expense for the year ended December 31, 2020. The corporation is now ready to come the the 2021 year. What is the depreciation expense for 2021 using the declining balance method depreciation @ $18.750 $12,500. 0 $16,875 $11.250. Depreciation is a process of: valuation appraisal cash accumulation cost allocation Long Corporation purchased a piece of equipment on January 1, 2020 for $56.000. Itse straight-line depreciation. After computing and recording depreciation for 3 year 2000 on the corpo estimates beginning in 2023. It now estimates the total useful life to be a mother and $6,000. What is the depreciation expense for the year 2023 with the revised estimates @ $5,000 $4,000 $7.000 $3.000 Turner Company sold a delivery truck for $9.000 on November 1.2090The accumulated depreciation on November 1, 2020 was $36.000. What is the wount that she delivery truck? $27.000 loss $39,00 loss $3,000 loss $3.000 gain Question 19