QUESTION 24 On April 1, 2019. Nowton Co. purchased new machinery for $450,000. The machinery has an estimated useful life of five years, and depreciation is computed by the sum-of-the-years-digits method. The accumulated depreciation on this machinery at March 31, 2021, should be A $300,000 B. $150.000 C. $270.000 D. 5180.000 QUESTION 25 Which of the following principles best describes the conceptual rationale for the methods of matching depreciation expense with revenues? A. Associating cause and effect B. Systematic and rational allocation C. Immediate recognition D. Partial recognition