Please answer all multiple choice questions and problems. 1. Which of the following violates of internal control?

Problem 4

Tray Company purchased a machine at a cost of $80,000. The machine is expected to have a $5,000 salvage value at the end of its 5-year useful life.

Instructions

Compute annual depreciation for the first and second years using the

(a)        Straight-line method.

(b)        Double-declining-balance method