(44) A machine costing $67,650 with a 5-year life and $62,309 depreciable cost was purchased January 1. Compute the yearly depreciation expense using straight-line depreciation. Round your answer to the nearest whole dollar. $_________ per year

(47) A building with an appraisal value of $133,286 is made available at an offer price of $156,745. The purchaser acquires the property for $31,501 in cash, a 90-day note payable for $29,561, and a mortgage amounting to $57,565. The cost basis recorded in the buyer's accounting records to recognize this purchase is

a.$125,244 b.$156,745 c.$118,627 d.$133,286

(49) Nebraska Inc. issues 4,950 shares of common stock for $158,400. The stock has a stated value of $12 per share. The journal entry to record the stock issuance would include a credit to Common Stock for

a.$99,000 b.$59,400 c.$158,400 d.$4,950