Please solve and show work. Question 7 Not yet answered Marked out of 1.00...
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Question 7 Not yet answered Marked out of 1.00 Equipment was purchased for $150,000. Freight charges amounted to $7,000 and there was a cost of $20,000 for building a foundation and installing the equipment. It is estimated that the equipment will have a $30,000 salvage value at the end of its 5-year useful life. Depreciation expense each year using the straight-line method will be Select one: Flag question O A. $35,400. B. $29,400 O C. $24,600. D. $24,000. Equipment was purchased for $85,000 on January 1, 2016. Freight charges amounted to $3,500 and there was a cost of $10,000 for building a foundation and installing the equipment. It is estimated that the equipment will have a $15,000 salvage value at the end of its 5-year useful life. What is the amount of accumulated depreciation at December 31, 2017, if the straight-ine method af depreciation is used? Question 8 Not yet answered Marked out of 1.00 Flag question Select one: O A. $33,400. O B. $16,700. OC. $14,300. O D. $28,600
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