1. Lang Ltd. acquired 100% of Linford Ltd. through a direct exchange. In the exchange, Lang issued $7,500,000 in shares to Linford. What journal entry must Lang record to reflect the exchange

2. Amandeep Ltd bought equipment for $240,000 on January 1, 2018. Amandeep estimated the useful life to be 3 years with no salvage value, and the straight-line method of depreciation will be used. On January 1, 2019, Amandeep decides that the business will use the equipment for a total of 5 years. What is the revised depreciation expense for 2019

3. Lucky bought a machine for $39,000, which she expects to have a useful life of four years and a residual value of $4,000 at the end of that time. If depreciation is to be provided on the straight-line basis, the net book value after two years will be

4. On January 1, 2011, the Worchester Company paid $8,000 for January, February, March and

Aprils rent in advance. The company recorded this transaction by increasing the balance in the prepaid rent account. What will be the balance in the prepaid rent account as of March 31, 2011