$2.$ The balance sheet of Flo's Restaurant showed total assets of $$600,000,$ liabilities of $$160,000$ and equity of $$540,000.$ An appraiser estimated the fair value of the restaurant assets at $$680,000.$ If Alice Company pays $$770,000$ cash for the restaurant the amount of goodwill acquired would be:

$3.$ Anchor Company purchased a manufacturing machine with a list price of $$160,000$ and received a $2\%$ cash discount on the purchase. The machine was delivered under terms FOB shipping point, and freight costs amounted to $$2,400.$ Anchor paid $$3,000$ to have the machine installed and tested. Insurance costs to protect the asset from fire and theft amounted to $$3,600$ for the first year of operations. Based on this information, the amount of cost recorded in the asset account would be:

$4.$ In January $2016,$ Rainey Co$.$ purchased a machine that cost $$150,000.$ The equipment is estimated to have a $5-$year life and a salvage value of $$30,000.$Required: Compute the amount of depreciation expense for $2016$ and $2017$ using the double declining balance method.

$5.$ Emir Company purchased equipment that cost $$110,000$ cash on January $1,2015.$ The equipment had an expected useful life of six years and an estimated salvage value of $$8,000.$ Assuming that Emir depreciates its assets under the straight$-$line method, the amount of depreciation expense appearing on the $2018$ income statement would be:

$6.$ On January $1,2016,$ Stiller Company paid $$80,000$ to obtain a patent. Stiller expected to use the patent for $5$ years before it became technologically obsolete. The remaining legal life of the patent was $8$ years. Based on this information, the amount of amortization expense on the December $31,2018$ income statement and the book value of the patent on the December $31,2018$ balance sheet would be: