1) A used machine with a purchase price of $34,025.00, requiring an overhaul costing $9,914.00, installation costs of $5,170.00, and special acquisition fees of $5,065.00. would have a cost basis of

Select the correct answer.

A) 34,025

B) 74,323

C) 54,174.00

D) 43,939

2) A machine with a cost of $78,653.00 has an estimated residual value of $4,934.00 and an estimated life of 7 years or 15,898 hours. It is to be depreciated by the units-of-production method. What is the amount of depreciation for the second full year, during which the machine was used 4,994 hours?

Select the correct answer.

A) 21,062.57

B) 24,707.08

C) 10,531.29

D) 23,157.17

3) A machine with a cost of $69,200.00 has an estimated residual value of $3,428.00 and an estimated life of 5 years or 17,420 hours. What is the amount of depreciation for the second full year, using the double declining-balance method?

A) 27,680.00

B) 13,840.00

C) 16,608.00

D) 26,308.80