XYZ Company loaned ABC Company $30,000 on 11/1/15 and had ABC sign a 6 month, 10% note with no interest paid until maturity. Assuming NO adjusting entries were made during the year, the entry on XYZs books for 12/31 would be:

Cainas Cookies purchases equipment on 1/1/15 for $40,000, with an estimated 4 year life, to be used for a total of 24,000 baking hours, with a $4,000 residual value. She bakes for 4,000 hours in 2015 and 7,000 hours in 2016. What is her depreciation expense for 2016 if she uses Double declining balance method? $18,000 $9,000 c $20,000 $10,000