$350,000 for the building, and SIC of the property by Warbler. Cost of Property, Plant, and Equipment Bandol Co. purchases a machine for $23,000, terms 2/10, n/60, FOB shipping point. The seller prepaid the $520 freight charges, adding the amount to the invoice and bringing its total to $23,520. The machine requires special steel mounting and power connections costing $1,592. Another $750 is paid to assemble the machine and get it into operation. In moving the machine to its steel mounting, $380 in damages occurred. Materials costing $60 are used in adjusting the machine to produce a satisfactory product. The adjustments are normal for this machine and are not the result of the damages. Compute the cost recorded for this machine. Assume Bandol pays for this machine within the cash discount period. Depreciation Computations Borges Corporation purchases a $760,000 piece of equipment on January 2, 2017, for use in its manufacturing process. The equipment's estimated useful life is 10 years with no salvage value. Borges uses 150% declining-balance depreciation for all its equipment. 1. Compute the depreciation expense for 2017, 2018, and 2019. 2. Compute the carrying amount of the equipment on December 31, 2019. cost $800 to uming that another tons of coal were mined. Change in Estimated Useful Life On January 1, 2017, Landon Excavation Company purchased a new bulldozer for $120,000. The equipment had an estimated useful life of 10 years and an estimated residual value of $10,000. On January 1, 2019, Landon determined that the bulldozer would have a total useful life of only 8 years instead of 10 years with no change in residual value. Landon uses straight-line depreciation. Compute depreciation expense on this bulldozer for 2017, 2018, and 2019. estimated useful life of 5 years. Required: Prepare Barbier Company's journal entries to record the sale of the equipment in the following four independent situations. 1. Sold for $56,000 on January 1, 2018. 2. Sold for $56,000 on May 1, 2018. 3. Sold for $22,000 on January 1, 2018. 4. Sold for $22,000 on October 1, 2018. Goodwill On January 1, 2018, Havel Company purchased Nantes Company at a price of $7,500,000. The fair market value of the net assets purchased equals $2,700,000. 1. What is the amount of goodwill that Havel records at the purchase date? 2. Explain how Havel would determine the amount of goodwill amortization on December 31, 2018. 3. Havel Company believes that its employees provide superior customer service, and through their efforts, Havel Company believes it has created $2,750,000 of goodwill. How would Havel Company record this goodwill