Which of the following statements is true? Group of answer choices None of the statements are correct. In calculating depreciation, both plant asset cost and useful life are based on estimates. When purchasing delivery equipment, sales taxes and motor vehicle licenses should be charged to Delivery Equipment. Land improvements are generally charged to the Land account. Recording depreciation on plant assets affects the balance sheet and the income statement.

Interview notes mike is 50 and made $36,000 in wages in 2017. he is single and pays all the cost of keeping up his home. mike's daughter, brittany, lived with mike all year. brittany's son, hayden, was born in november 2017. hayden lived in mike's home since birth. brittany is 25, single, and had $1,500 in wages in 2017. she is not disabled. mike provides more than half of the support for both brittany and hayden. mike, brittany, and hayden are all u. s. citizens with valid social security numbers. 4. who can mike claim as a qualifying child(ren) for the earned income credit?