Problem 2.a: Consider the data in the following tables: First cost Book depreciation life MACRS property class Salvage value n 1 2 3 4 5 6 7 8 U 0 C $11,429 $19,592 $13,994 $9,996 $7,140 $7,140 $7,140 $3,570 Which of the depreciation schedules uses the straight-line depreciation method? A B A $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $0 O B $22,857 $16,327 $11,661 $5,154 $80,000 $0 $0 $0 $0 7 years 7 years $24,000 D $22,{ $16,3 $11, $8,3: $6,94 $6,94 $6,94 $0

4. New equipment used in construction with a cost basis of $60,000 with a zero salvage value at the end of its useful life of 6 years. Use the Double Declining method to calculate the depreciation charge in year 4. $7,494 $2,633.75 $5,925.93 $10,000

3 Question 3 options: At any point in time,  the cost of equipment less any depreciation to date is known as

< A crane rental company has acquired a new heavy-duty crane for $210,000. The company calculates depreciation on this equipment on the basis of number of rentals per year, and the salvage value of the crane at the end of its 9-year life is $20,000 If the crane is rented an average of 101 days per year, what is the depreciation rate per rental? The depreciation is $ per day of rent. (Round to the nearest dollar.) E