418 CHAPTER 9 Calculate partial-year diminishing-balance depreciation. (SO 2) AP Determine carrying LONG-LIVED ASSETS BE9-9 Refer to the data given for Butters Company in BE9-5. Assume the equipment was purchased on April 6, 2014, and that the company has a policy of recording a half year's depreciation in the year of acquisition and a half year's depreciation in the year of disposal. Using the double diminishing-balance method, calculate the depreciation expense (a) for each year of the equipment's life, and (b) in total over the equipment's life. On March 31, 2018 Delhon Industries purchased a new plant for $2,500,000 cash. (This price included Land, Building, Inventory, Manufacturing and Office Equipment). Before completing the purchase, Delhon had obtained valuations to determine the relative value of the different components purchased. The valuation indicated that the fair value of the land, if purchased separately would be $375,000, the building's value is $1,900,000, the manufacturing equipment is $192,500 and the Office Equipment is $55,000. In addition to the land, building and equipment, the purchase price includes inventory with a net realizable value of $27,500. (Yes, use the inventory in the allocation of the fair value) Instructions 1. First create the chart below on Excel 2. Record the entry for the purchase on March 31, 2018