Remaining Time: 18 minutes, 23 seconds Question Completion Status: Questions 50 points 1. Zohaib Company acquired machinery on January 1, 2010 with an amount $155,000. The useful life capacity of machinery is 25,000 units the machinery is 4 years. The salvage value is $5.000. Maximum From the above data, determine the accumulated depreciation after two years using straight-line depreciation method. a. $37.500 b. $117,500 c. $75,000 d. $80,000 2. Zohaib Company acquired machinery on January 1, 2010 with an amount $155,000. The useful life of the machinery is 4 years. The salvage value is $5,000. Maximum capacity of machinery is 25,000 units. In 2010 company produce 7,000 units, in 2011 company produce 8,000 units and in 2012 company produce 5,000 units. From the above data, determine the depreciation expense in 2011 using unit of production method. a. $90,000 b. $48,000 c. $42,000 d. $65,000 3. Zohaib Company acquired machinery on January 1, 2010 with an amount $155,000. The useful life of the machinery is 4 years. The salvage value is $5,000. Maximum capacity of machinery is 25,000 units. From the above data, determine the depreciation expense in 2011 using double declining balance method. a. $38,750 b. $37.500 c. $116,250 d. $77,500 4. Zohaib Company acquired machinery on January 1, 2010 with an amount $155,000. The useful life of the machinery is 4 years. The salvage value is $5,000. Maximum capacity of machinery is 25.000 units. From the above data, determine the book value of asset at the end of 2011 using double declining balance method. a. $116,250 b. $38,750 C. $77,500 d. $38,750 5. Zohaib Company has the following data Credit Sales Cash Sales Account receivables Allowance for doubtful accounts $200.000 $50,000 $ 50,000 debit $ 5,00 debit MacBook Air