Use the following information to answer the next TWO questions. Fiddler Corporation purchased an asset for $10,000. The asset is predicted to have a useful life of 5 years and a residual value of $2,000. What is the depreciation in year 2 under the straight line method? $1,600 B. $2,000 C. $2,400 $2,720 5. A D. 6. A. What is the depreciation in year 2 under the double declining balance (DDB) method? $1,600 $2,000 $2,400 $2,720 B. C. D. 7. If a bond is issued at 102, the stated rate of interest was a. higher than the market rate of interest. b. lower than the market rate of interest. c. equal to the market rate of interest. d. cannot be determined whether higher or lower than market rate. 8. Traylaar Corporation has two classes of stock outstanding: 10,000 shares of $30 par value, 6% noncumulative preferred stock 88,000 shares of $1 par value, common stock. In 2013 the company paid out $36,000 in total cash dividends to all stockholders. In 2012, the yield on common stock was 2%. What total cash dividends were received by common stockholders in 2013? a. $18,000 b. $29,333 c. $1,760 d. zero