Use the following data for questions 1 and 2. On March 12, 2005, Alliance, Inc. acquired melting equipment for $38,000. The estimated life of the equipment is 6 years, with an estimated residual value of $2,000. Refer to above data. In its financial statements, Alliance uses straight-line depreciation with the half-year convention. The book value of the equipment at December 31, 2006, will be: a $26,000. b $35,000. C $29,000. d Some other 2 Refer to above data. In its financial statements, Alliance uses double-declining-balance depreciation with half-year convention. The book value of the equipment at December 31, 2006, will be: a $20,000. b $16,888. c $21,111. d Some other