1. A company purchased equipment for $20,000 on January 1, 2015. The estimated useful life is 5 years and the residual at the end of the 5 years is $2,000. company uses the declining balance...

Extracted text: 1. A company purchased equipment for $20,000 on January 1, 2015. The estimated useful life is 5 years and the residual at the end of the 5 years is $2,000. company uses the declining balance depreciation method. What will be the carrying value (book value) The at December 31, 2017? 2. Ali purchased a machine on 1/1/14 for $200,000, estimated salvage value of $20,000, and estimated service life of 6 years. If the depreciation expense for 2015 was $42,857, calculate the depreciation amount?