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Use the following to answer questions & the equipment. The equipment is estimated to have a residual value of $6,000 at the end of

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Use the following to answer questions & the equipment. The equipment is estimated to have a residual value of $6,000 at the end of its 5- incurred to obtain the equipment. The company paid $5,000 to construct a foundation and install Cody Enterprises purchased equipment for $64,000. In addition, shipping charges of $800 were year useful life. Y 8. Use the information above to answer the following question. Using the straight-line method, what is the amount of depreciation expense each year? A) $13,960 B) $13,800 C) $12,760 D) $11,960 X 9. Use the information above to answer the following question. Using the straight-line method, what is the book value of the equipment at the end of the third full year of use? A) $31,520 B) $22,120

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