A Question Completion Status: 10 20 30 40 7 9 100 110 120 13 14 15 16 17 18 195 20 O 08.21% QUESTION 17 5 points Save Answer Farmer Jason purchased a piece of machinery for $56,000. Assume a 7-year useful life and no salvage value. Calculate the amount of depreciation in the last year of the asset's useful life using the sum-of-the-years-digits depreciation method. O a. $0 O b. $2,000 O c. $8,000 O d. $4,000 QUESTION 18 5 points Save Answer Farmer Jason purchased a piece of machinery for $56,000. Assume a 7-year useful life and no salvage value. Calculate the approximate amount of depreciation in the last year of the asset's useful life using the double declining balance depreciation method. O a $8,000 O b. $2,125 O c. $7,437 O d. $0 Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save and Submit F Type here to search ( ? () 10:33 AM 2/25/2021