xam 3.0000 Time Left: 5333 Chlsam Arichebe Attemot 1 X 4) a deposit was in transit at the end of the period. Question 33 12 points) Lee Co. purchased a depreciable asset for $700,000 on April 1, 2015. The estimated salvage value is $70,000, and the estimated useful life is 5 years. The straight-line method is used for depreciation. What is the balance in accumulated depreciation on May 1, 2018 when the asset is sold? 11 $388,500 2) $294.000 3) $252.000 4) $346,500 Question 34 (2 points) Following is the shareholders' equity section of the balance sheet of the Sammy Ltd.: Share capital