1-Bera Company pays $264,900 for equipment expected to last four years and have a $30,000 salvage value. Prepare journal entries to record the following costs related to the equipment. 1. During the second year of the equipments life, $29,500 cash is paid for a new component expected to increase the equipments productivity by 10% a year. 2. During the third year, $7,375 cash is paid for normal repairs necessary to keep the equipment in good working order. 3. During the fourth year, $22,450 is paid for repairs expected to increase the useful life of the equipment from four to five years. (Omit the "$" sign in your response) General Journal Debit Credit 1. ? ? 2. ? ? 3. ? ? 2-Rayya Co. purchases and installs a machine on January 1, 2009, at a total cost of $94,000. Straight-line depreciation is taken each year for four years assuming an eight-year life and no salvage value. The machine is disposed of on July 1, 2013, during its fifth year of service. Requirement 1: Prepare entry to record the partial years depreciation on July 1, 2013. (Omit the "$" sign in your response.) Date General Journal Debit Credit July 1 ? ? Requirement 2: Prepare entry to record the disposal under the assumption that the machine is sold for $43,593 cash. (Omit the "$" sign in your response.) Date General Journal Debit Credit July 1 ? ? ? ? 3-On April 2, 2009, Mitzu Mining Co. pays $3,920,000 for an ore deposit containing 1,400,000 tons. The company installs machinery in the mine costing $210,000, with an estimated seven-year life and no salvage value. The machinery will be abandoned when the ore is completely mined. Mitzu began mining on May 1, 2009, and mines and sells 178,200 tons of ore during the remaining eight months of 2009. Prepare the December 31, 2009, entries to record both the ore deposit depletion and the mining machinery depreciation. Mining machinery depreciation should be in proportion to the mine's depletion. (Omit the "$" sign in your response.) Date General Journal Debit Credit Dec. 31 ? ? Dec. 31 ? ? 4-Galvano Gallery purchases the copyright on an oil painting for $432,000 on January 1, 2009. The copyright legally protects its owner for 19 more years. However, the company plans to market and sell prints of the original for only 15 years. Prepare entries to record the purchase of the copyright on January 1, 2009, and its annual amortization on December 31, 2009. (Omit the "$" sign in your response.) Date General Journal Debit Credit Jan. 1 ? ? Dec. 31