1-On January 1, 2017 Yellow Company purchased a bus, at a cost of $118,000. The useful life is expected to be 5-year and the salvage value is expected to be $12,000. The Bus is expected to be driven 100,000 KM in its useful life. If the bus actual driven KM in 2018, was 26,000 KM, prepare journal entries to record depreciation expenses for 2018.

2-Sun Company purchased a mine for $70.000 that is estimated to have 3,500 tons of coal and no salvage vlue. In the first year, 500 tons of coal are extracted. prepare the journal entry to record depletion for the first year.

3- Dell Company purchases a patent for $14,000 on January 1, 2017. The estimated useful life is 8 years. Prepare the journal entry to record amortization expense for the second year.

4- HP Company has equipment that was purchased for (historical cost) $5,200 and the salvage value is $800 and the accurmulated depreciation today is $2,000 Prepare journal entries to record the following cases. 1- HP selles equipment for $1800 cash. 2- HP sells equipment for $3700 on credit. 3-HP retires its equipment (It was dumped in the garbage)