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On January 1,20x3, Teradene Corporation purchased equipment for $59,000. The equipment is expected to have...

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Accounting

On January 1,20x3, Teradene Corporation purchased equipment for $59,000. The equipment is expected to have a four-year life, with a residual value of $5,000 at the end of four years.
Using the sum-of-the-years'-digits method of depreciation, what is the amount of 20x3 depreciation expense and the book value of this equipment at December 31,20x3?: (Do not round intermediate calculations.)On January 1,203, Teradene Corporation purchased equipment for $59,000. The equipment is expected to have
a four-year life, with a residual value of $5,000 at the end of four years.
Using the sum-of-the-years'-digits method of depreciation, what is the amount of 203 depreciation expense and
the book value of this equipment at December 31,20\times 3?: (Do not round intermediate calculations.)
Multiple Choice
$21,600 and $37,400 respectively.
$21,600 and $32,400 respectlvely.
$23,600 and $30,400 respectlvely.
$23,600 and $35,400 respectively.
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