1. A machine with a cost of s120,000 has an estimated residual value ofs15.000 and an estimated life of 5 years or 15,000 hours. It is to be depreciated by the units-ofoutput method. What is the amount of depreciation for the second full year, during which the machine was used 5.000 hours? $35,000 2. Equipment with a cost of S220,000 has an estimated residual value of s30.000 and an estimated life of 10 years or 19,000 hours. It is to be depreciated by the straight-line method. What is the amount of depreciation for the first full year, during which the equipment was used for 2,100 hours? a. S19,000 c, $22,000 d. $30,000 3. The Weber Company purchased a mining site for SI,750,000 on July 1. The company expects to mine ore for the next 10 years and anticipates that a total of 400,000 tons will be recovered. The estimated residual value of the property is S150,000. During the first year, the company extracted 6,500 tons of ore. The depletion expense is a. S17,500 b, S16,000 c, $26,000 d $15,000 4. The total camings of an employee for a payroll period is referred to as a. take home pay b. pay net of taxes c, net pay d. gross pay 5. An employee receives an hourly wage rate of $15. with time-and-a-half for all hours worked in excess of 40 during the week. Payroll data for the current week are as follows: hours worked, 48; federal income tax withheld, $120; social security tax rate, 6%; Medicare tax rate, 1.5%, state unemployment compensation tax, 3.4% on the first S7,000; and federal unemployment compensation tax, 0.8% on the first S7,000. What is the net amount to be paid to the employee? a S568.74 lb. $601.50 d, S574.90