Obtronics purchased a piece of manufacturing equipment for $…

Obtronics purchased a piece of manufacturing equipment for $200,000 with a five-year useful life and no salvage value.  If Obtronics sells the machine for $150,000 at the end of the third year, which of the following statements is true? I: The gain on sale will be larger if Obtronics uses the double-declining balance method versus the straight-line method of depreciation  II: The gain on sale will be larger if Obtronics depreciates the machinery using the straight-line method of depreciation versus the double-declining balance method  III: The gain on sale will be the same regardless of depreciation method   IV: Obtronics will incur more depreciation over the first three years of the useful life using the double-declining balance method versus the straight-line method of depreciation 

Elmo, Corp. issued a 3-year, zero-interest bearing $30,000 n…

Elmo, Corp. issued a 3-year, zero-interest bearing $30,000 note receivable to Oscar Industries as payment for services that Elmo provided to Oscar. The market rate of interest for a note with a similar risk is 5%.  What amount of service revenue would Elmo report on their income statement at the date of issuance? The present value of one for 3-periods at 5% is: .86384 The present value of an ordinary annuity for 3-periods at 5% is 2.72325

Given the class below, correctly override Object’s equals me…

Given the class below, correctly override Object’s equals method in this class, ensuring that it compares the full state of the object (i.e. the values of all data fields).Include the method header, curly braces, and implementation in your response. public class Car {    private boolean isElectric;    private String modelName;    /* valid constructor */   /* YOUR equals METHOD HERE */} Make sure to select the ‘Preformatted’ style from the dropdown so your code is formatted clearly. DO NOT USE THE TAB KEY WHEN WRITING CODE AS YOU MAY ACCIDENTALLY SUBMIT YOUR EXAM. USE THE SPACE BAR INSTEAD.