Asset C3PO has a depreciable base of $18.15 million and a service life of 10 years. What would the accumulated depreciation be at the end of year five under the sum-of-the-years' digits method? (Do not round intermediate calculations.)

Multiple Choice

• $4.95 million.

• $9.07 million.

• $13.20 million.

• None of these answer choices are correct.

2.Cutter Enterprises purchased equipment for $99,000 on January 1, 2018. The equipment is expected to have a five-year life and a residual value of $6,900. Using the sum-of-the-years'-digits method, depreciation for 2019 and book value at December 31, 2019, would be:

Multiple Choice

• $26,400 and $32,700 respectively.

• $24,560 and $36,840 respectively.

• $24,560 and $43,740 respectively.

• $26,400 and $39,600 respectively.

3.

Cutter Enterprises purchased equipment for $42,000 on January 1, 2018. The equipment is expected to have a five-year life and a residual value of $6,000. Using the double-declining balance method, depreciation for 2019 would be:

Multiple Choice

• $16,800.

• $8,640.

• $10,080.

• None of these answer choices are correct.

  3.Cutter Enterprises purchased equipment for $42,000 on January 1, 2018. The equipment is expected to have a five-year life and a residual value of $6,000. Using the double-declining balance method, depreciation for 2019 would be:

  Multiple Choice

• $16,800.

• $8,640.

• $10,080.

• None of these answer choices are correct.