Please answer the multiple choice questions below by putting an Xi! Dice questions below by putting an X in the cell to the left of the best answer. For example if you think the n put an X in cell A6. 1. On July 1, 2015, Danah Corporation purchased the copyright to Mustafa, Inc. for $35,000. It is estimated that the copyright will have a useful life of 5 years. Which of the following is true at December 31, 2016? Amortization expense for 2016 is $3,500 and the book value of the patent is $31,500. Amortization expense for 2016 is $7,000 and the book value of the patent is $24,500. Amortization expense for 2016 is $7.000 and the accumulated amortization account is $10,500 Amortization expense for 2016 is $10,500 and the accumulated amortization account is $10,500 2. Buthainah Inc, bought a machine on January 1, 2016. The machine cost $36,000 and had an expected salvage value of $6,000. The life of the machine was estimated to be 5 years. The book value of the machine at the end of the second year would be $12,000 $24,000 $30,000 $36,000 UA 4 B 3. If the coupon rate of interest is lower than the market rate of interest, bonds will sell at a premium at face value at a discount only after the coupon rate of interest is increased The number of shares of issued stock quals unissued shares minus authorized shares outstanding shares plus treasury shares authorized shares minus treasury shares outstandine shares plus authorized shares Which of the following would not impact the balance of A ula tha Ramos and Loss of company