$2.$ In January, gross earnings in Burrell Company were $$80,000.$ All earnings are subject to $7\mathrm{.}65\%$ FICA taxes. Federal income tax withheld was $$14,000,$ and state income tax withheld was $$1,600.($a$)$ Calculate net pay for January, and $($b$)$ record the payroll.

$3.$ The following expenditures were incurred by McCoy Company in purchasing land: cash price $$50,000,$ accrued taxes $$3,000,$ attorneys' fees $$2,500,$ real estate broker's commission $$2,000,$ and clearing and grading $$3,500.$ What is the cost of the land?

$4.$Rottino Company purchased a new machine on October $1,2020,$ at a cost of $$150,000.$ The company estimated that the machine will have a salvage value of $$12,000.$ The machine is expected to be used for $10,000$ working hours during its $5-$year life

Instructions:

Compute the depreciation expense under the following methods for the year indicated.

a$.$ Straight$-$line for $2020.$

b$.$ Units$-$of$-$activity for $2020,$ assuming machine usage was $1,700$ hours.

c$.$ Declining$-$balance using double the straight$-$line rate for $2020$ and $2021.$