1.) On January 1, 2021, Betty DeRose, Inc. purchased a piece of machinery for $256,000. The machine had an estimated useful life of eight years and a residual value of $6,000. Assume Betty DeRose depreciates its assets using the double- declining balance method of depreciation. Calculate the amount of accumulated depreciation related to the machine that would appear in Betty's December 31, 2025 balance sheet.

2.) Betty DeRose is going to deposit $4,000 into a bank account at the beginning of every six months for the next 4 years. Assume the bank account will earn 20% interest compounded semi-annually. Calculate the amount of interest Betty will earn over the four-year period.

3.) On April 1, 2028, Levine Company purchased three assets for $320,000. The following information is available concerning the assets purchased:

 Current Market Value Land ....................... $ 65,600 Building ................... $213,200 Equipment .................. $ 49,200 Total market value ...... $328,000

Before the property could be used, Levine had to spend $28,000 to renovate the building. The building was assigned a 30-year life, an $11,000 residual value, and is being depreciated using the straight-line method. Calculate the book value of the building at December 31, 2035.

Future Value of a Lump-Sum Present Value of a Lump-Sum Future Value of an Annuity Present Value of an Annuity