Please check the full question in picture. Please explain how to calculate this to get an answer like the key above for number 112, 113, 114, and 115PLANT ASSETS, NATURAL RESOURCES, AND INTANGIBLE ASSETS112. A plant asset was purchased on January 1 for $40,000 with an estimated salvage value of $8,000 at the end of its useful life. The current year's Depreciation Expense is $4,000 calculated on the straight-line basis and the balance of the Accumulated Depreciation account at the end of the year is $20,000. The remaining useful life of the plant asset is113. Brinkman Corporation bought equipment on January 1, 2008. The equipment cost $90,000 and had an expected salvage value of $15,000. The life of the equipment was estimated to be 6 years. The depreciable cost of the equipment is114. Brinkman Corporation bought equipment on January 1, 2008. The equipment cost $90,000 and had an expected salvage value of $15,000. The life of the equipment was estimated to be 6 years. The depreciation expense using the straight-line method of depreciation is115. Brinkman Corporation bought equipment on January 1, 2008. The equipment cost $90,000 and had an expected salvage value of $15,000. The life of the equipment was estimated to be 6 years. The book value of the equipment at the beginning of the third year would be

112. A plant asset was purchased on January 1 for $40,000 with an estimated salvage value of $8,000 at the end of its useful life. The current year's Depreciation Expense is $4,000 calculated on the straight-line basis and the balance of the Accumulated Depreciation account at the end of the year is $20,000. The remaining useful life of the plant asset is a. 10 years. b. 8 years. c. 5 years. 3 years. Use the following information for questions 113-115. Brinkman Corporation bought equipment on January 1, 2008. The equipment cost $90,000 and had an expected salvage value of $15,000. The life of the equipment was estimated to be 6 years. 113. The depreciable cost of the equipment is a. $90,000. x $75,000. C. $50,000. d. $12,500. 114. The depreciation expense using the straight-line method of depreciation is a. $17,500. b. $18,000. $12,500. d. none of the above. 115. The book value of the equipment at the beginning of the third year would be a. $90,000. b. $75,000. $65,000. d. $25,000