1. Simpson Company purchased a new machine for $80,000 on January 1,201. The machine has an expected salvage value of $5,000, and is expected to used 187,500 hours over its estimated useful life of 15 years. Actual hours used were 11,000 in 201 and 13,000 in 202. Determine the following: Depreciation expense for 20X1 under the straight-line method Depreciation expense for 20X2 under the straight-line method Book value at the end of 202 under the straight-line method Depreciation expense for 20X1 under the units-of-production method Depreciation expense for 20X1 under the double declining balance method Depreciation expense for 202 under the double declining balance method 2. Presented below are selected transactions at Sting Company for 202. Jan 1 Retired delivery truck that was fully depreciated. Original cost of the truck was $24,800 and had no salvage value. Apr 30 Sold a piece of equipment for $28,000 that originally cost $54,000. Accumulated depreciation at 4/30/202 was $21,000. Jul 1 Sold a building for $2,250,000 that had an original cost of $2,100,000 and accumulated depreciation at 7/1/202 was $80,000 Dec 31 Disposed of a delivery truck that was wrecked in a crash. The original cost of the truck was $36,000. Accumulated depreciation at 12/31/202 was $16,000. 3. Rogers Inc. had the following transactions related to intangible assets in 205 : - Mar 1 Purchased patent for $840,000 cash (7-year life) - Jun 30 Purchased a trademark (indefinite life) for $450,000 cash - Oct 1 Paid \$200,000 cash for a 5 year franchise - Dec 31 Record any necessary amortization expense at the end of 20X5 Instructions: Prepare the necessarv entries to record these intangibles