The board of directors of capstone inc. declared a $0.60 per share cash dividend on its $1 par common stock. on the date of declaration, there were 50,000 shares authorized, 20,000 shares issued, and 5,000 shares held as treasury stock. what is the entry when the dividends are declared? a. dividends 9,000 dividends payable 9,000 b. dividends 9,000 cash 9,000 c. dividends 12,000 dividends payable 12,000 d. dividends 12,000 cash 12,000 select one: a. option c b. option a c. option d d. option b

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 $