#13, 23, 33

thanks so much!!

Blackhawk Company purchased a copyright for a book for $50,000 with a remaining legal life of 20 years and paid $5,000 in legal fees in the purchase. Blackhawk spent $6,000 on advertising for the new book and expects the book to generate profits for 4 years. The amortization of the copyright would be: A. $2,500 D. $13,750 B. $2,750 E. $15,250 The Harrington Corporation purchased a tract of land with a building for $810,000. In addition, the following transactions occurred during the year. The fair market values of the land and building are $750,000 and $150,000, respectively. What should the balance be in the Land account? A. $891500 B. $856,000 C. $681,000 D. $696,500 E. $871,500 Use the following data for the next 3 questions. Early in January 201, Parnell Construction acquired heavy equipment for $80,000. The estimated useful life of the equipment is 8 years during which time it will be operated about 10,000 hours. Estimated residual value is $8,000. 11. If Parnell uses the double-declining balance method, the depreciation expense for the 203 will be: A.B.$20,000$11,250 C.D.$10,125$18,000 12. If Parnell uses the units-of-production method of depreciation, the depreciation expense for the 201, assuming that the equipment is operated 1,400 hours, will be, A.B.$11,200$10,000 D. $10,080 13. If Parnell uses the straight-line method, the book value of the equipment on July 1,204 will be: A.B.$53,000$44,000 C. $48,500 D. $40,500