1-Cullumber Company purchases a new delivery van for $62000. The sales taxes are $4650. The logo of the company is painted on the side of the van for $1240. The van's annual license is $124. The van undergoes safety testing for $290. What does Cullumber record as the cost of the new van?

A-$67890.

B-$67064.

C-$68180.

D-$66650.

2-Equipment costing $102000 with a salvage value of $6000 and an estimated life of 8 years has been depreciated using the straight-line method for 2 years. Assuming a revised estimated total life of 5 years and no change in the salvage value, the depreciation expense for Year 3 would be

A-$24000.

B-$32000.

C-$19200.

D-$14400.

3-Ivanhoe Company bought a machine on January 1, 2022. The machine cost $150000 and had an expected salvage value of $30000. The life of the machine was estimated to be 5 years. The depreciable cost of the machine is

A-$150000.

B-$30000.

C-$120000.

D-$40000.

4-A company has the following assets:

Buildings and Equipment,

less accumulated depreciation of $400000 $21000000

Copyrights 1200000

Patents 3000000

Land 5000000

The total amount reported under Property, Plant, and Equipment would be

A-$26000000.

B-$24000000.

C-$27200000.

D-$30200000.