1) question1

Rodriguez Company pays $330,000 for real estate plus $17,490 in closing costs. The real estate consists of land appraised at $250,000; land improvements appraised at $50,000; and a building appraised at $200,000.

Required:

1. Allocate the total cost among the three purchased assets.

2. Prepare the journal entry to record the purchase.

2)question2

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Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $44,200. The machine's useful life is estimated at 10 years, or 392,000 units of product, with a $5,000 salvage value. During its second year, the machine produces 33,200 units of product.

Determine the machines second-year depreciation and year end book value under the straight-line method.

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3) question3

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Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $44,200. The machine's useful life is estimated at 10 years, or 392,000 units of product, with a $5,000 salvage value. During its second year, the machine produces 33,200 units of product.

Determine the machines second-year depreciation using the units-of-production method.

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4) question 4

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Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $44,200. The machine's useful life is estimated at 10 years, or 392,000 units of product, with a $5,000 salvage value. During its second year, the machine produces 33,200 units of product.

Determine the machines second-year depreciation using the double-declining-balance method.

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5) question5

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In early January 2018, NewTech purchases computer equipment for $170,000 to use in operating activities for the next four years. It estimates the equipments salvage value at $31,000.

Prepare a table showing depreciation and book value for each of the four years assuming straight-line depreciation.

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6) question 6

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In early January 2018, NewTech purchases computer equipment for $170,000 to use in operating activities for the next four years. It estimates the equipments salvage value at $31,000.

Prepare a table showing depreciation and book value for each of the four years assuming double-declining-balance depreciation. (Enter all amounts as positive values.)

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