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$4,000 to pour a concrete slab on which to place the equipment. What is the total cost of the new equipment? $104,760 $108,760 $110,760 $101,000 6- Multiple Choice Question 98 A company purchased factory equipment for $350,000. It is estimated that the equipment will have a $35,000 salvage value at the end of its estimated 5-year useful life. If the company uses the double-declining-balance method of depreciation, the amount of annual depreciation recorded for the second year after purchase would be $84,000. $140,000. $126,000. $60,480. 7- Multiple Choice Question 175 On a balance sheet, natural resources may be described more specifically as all of the following except oil reserves. timberlands. land improvements. mineral deposits. 8- Multiple Choice Question 98