(1.) A company purchased a photocopy machine for $16,000. It has a useful life of 4 years and a residual value of $1,000.

Compute depreciation for the second year under each of the following methods:

a.Straight-line$________b.Double-declining-balance$_______

(2.)Determine the cost of the land, based on the following data.

Land purchase price$90,000 Broker's commission 7,500 Payment for the demolition and removal of existing building 2,500 Cash received from the sale of materials salvaged from the demolished building 500

$________

(3.) The units of Product YY2 available for sale during the year were as follows:

Apr. 1 Inventory 16 units at$30 each Jun. 16 Purchase 30 units at$33 each Sep. 28 Purchase 45 units at$37 each

There are 17 units of the product in the physical ending inventory at March 31. The periodic inventory system is used. If required, round your answers to two decimals.

a.Determine the ending inventory cost by FIFO.

$

b.Determine the ending inventory cost by LIFO.

$

c.Determine the ending inventory cost by average cost methods. Round the per unit cost to two decimal places.

$

(4.) The following units are available for sale during the year:

January 1 Beginning Inventory 10 units at $18 each April 3 Purchase 30 units at $20 each August 31 Purchase 28 units at $25 each September 29 Purchase 17 units at $30 each December 31 Ending Inventory 21 units

a.Determine ending inventory cost by FIFO method.

$

b.Determine ending inventory cost by LIFO method.

$

c.Determine ending inventory cost by average cost method. In your calculations round per unit to the nearest cent. Round your answer to the nearest whole dollar.

$