1) Warren Company plans to depreciate a new building using the double declining-balance depreciation method. The building cost $890,000. The estimated residual value of the building is $59,000 and it has an expected useful life of 25 years. What is the building's book value at the end of the first year?

	$818,800.
	$795,400.
	$759,800.
	$854,400.

2) On December 31, 2014, Hamilton Inc. sold a used industrial crane for $645,000 cash. The original cost of the crane was $5.06 million and its accumulated depreciation equaled $4.23 million on December 31, 2014. What is the gain or loss from the December 31, 2014 equipment sale?

	$185,000 gain
	$185,000 loss
	$830,000 gain
	$830,000 loss

3) Landseeker's Restaurants reported cost of goods sold of $331 million and accounts payable of $74 million for 2015. In 2014, cost of goods sold was $267 million and accounts payable was $63 million. Landseeker