1)

On August 12 Seattle Company received a $30,000, 5%, 90-day note from a customer, Carolina Distributors for an extension of time on a past due account. What is the maturity date of the note?

2)

A company had the following plant asset: New equipment cost $64,000 Salvage value 4,000 Useful life 5 years The machine is also expensed to produce 150,000 units during its useful life. The depreciation expense for the second year using the straight line method of depreciation is

3)

A company purchased a delivery van for $27,000 with a salvage value of $3,000 on September 1, Year 1. It has an estimated useful life of 5 years. Using the straight-line method, how much depreciation expense should the company recognize on December 31, Year 1?

		$1,600.
		$3,200
		$400
		$4,600.