Using a General Journal Math Quiz QUESTION 9 of 10: If a business has $100,000 in sales and $10,000 in wages, $3,000 in advertising, $1,000 in dividends and $3,000 in
insurance expense, how much profit did the company make?
a) 84,000
b) 81,000
c) Cannot calculate

Bayside coatings company purchased waterproofing equipment on january 2, 20y4, for $190,000. the equipment was expected to have a useful life of four years and a residual value of $9,000. instructions: determine the amount of depreciation expense for the years ended december 31, 20y4, 20y5, 20y6, and 20y7, by (a) the straight-line method and (b) the double-declining-balance method. also determine the total depreciation expense for the four years by each method. depreciation expense year straight-line method double-declining-balance method 20y4 $ $ 20y5 20y6 20y7 total $